By Salihu Kano
ABUJA (FCT, Nigeria) — The ownership dispute surrounding Abuja’s high-value River Park Estate has taken a new twist, as Dr. Adeniran Ogunmuyiwa has dismissed claims that JonahCapital Nigeria Ltd, owners of the estate, is Ghanaian-owned.
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Reacting to recent remarks by the Minister of the Federal Capital Territory (FCT), Nyesom Wike, Ogunmuyiwa insisted that he founded JonahCapital in 2006 with his wife as majority shareholders, under Corporate Affairs Commission (CAC) registration number 669754.
According to him, the lingering crisis was triggered in February 2024 when some Ghanaian partners, led by Kojo Mensah, allegedly manipulated company records by inflating the share capital from one million to one hundred million and allocating 99 million shares to themselves without directors’ consent.
“This fraudulent action is the basis of the criminal case concluded in June 2025, which led to the arraignment of Kojo Mensah, his lawyer Abu Arome, and others,” Ogunmuyiwa said, stressing that police findings published on June 27, 2025, confirm his position.
He further revealed that JonahCapital was sold in 2025 to Paulo Homes Ltd., following an agreement with Mr. John Townley-Johnson, the South African CEO of Houses for Africa Holdings Inc., the initial foreign investor in River Park.
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Ogunmuyiwa faulted the CAC for allegedly enabling unauthorized alterations of company records, describing the dispute as a test of Nigeria’s justice system. He disclosed that a lawsuit, FHC ABJ CS/1869/2025, has been filed by his counsel to seek redress.
Meanwhile, the Nigerian Police has filed a 26-count charge against lawyer Abu Arome and three Ghanaians—Sam Jonah (KBE), Kojo Ansah, and Victor Quainoo—alongside Mobus Property Nigeria Ltd.
The defendants, slated for arraignment on October 7, face allegations of forgery, fraud, and impersonation in a bid to take over JonahCapital Nigeria Ltd. and Houses for Africa Nigeria Ltd. Police investigations accuse them of falsifying documents, forging signatures, and misrepresenting their citizenship status before the CAC.
Exhibits attached to the charge include police reports, forensic analyses, petitions, board resolutions, and company status reports spanning over a decade.
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