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Deed of Assignment Where The Donee of A Power of Attorney Executes On Behalf of A Party To The Agreement

This document is a Deed of Assignment made on December 6, 2020, between Mrs. Ashley Alobi (the Assignor) and Zenith Bank Plc (the Assignee) regarding the assignment of a parcel of land in Akure, Ondo State. The Assignor, as the legal owner, agrees to assign her interest in the property for a consideration of thirty-five million naira (N35,000,000.00). The deed is executed with the involvement of a Power of Attorney and includes a schedule for a survey plan.

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66 views2 pages

Deed of Assignment Where The Donee of A Power of Attorney Executes On Behalf of A Party To The Agreement

This document is a Deed of Assignment made on December 6, 2020, between Mrs. Ashley Alobi (the Assignor) and Zenith Bank Plc (the Assignee) regarding the assignment of a parcel of land in Akure, Ondo State. The Assignor, as the legal owner, agrees to assign her interest in the property for a consideration of thirty-five million naira (N35,000,000.00). The deed is executed with the involvement of a Power of Attorney and includes a schedule for a survey plan.

Uploaded by

chukwu favour
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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NLS SAMPLE DRAFTS ON PROPERTY LAW PRACTICE

Deed of Assignment Where the Donee of a Power of Attorney Executes on


Behalf of a Party to the Agreement.

THIS DEED OF ASSIGNMENT is made the 6th day of December, 2020

BETWEEN
Mrs. Ashley Alobi, a trader of No. 75 Ibong Street Calabar, Cross River State
(The Assignor) on the one part
AND
Zenith Bank Plc. a body corporate duly incorporated under the Company and
Allied Matters Act, CAP C20 LFN 2004 with RC 8356 and its registered office
address at 10 Bank Street Victoria Island, Lagos State (The Assignee) on the
other part.

BACKGROUND
This Deed recites as follows:
5. The Assignor is the legal owner of a Certificate of Occupancy No.
49/59/2018A over a parcel of land with six blocks of flat situate at No. 5
Straight Road Akure, Ondo State.
6. The Assignor is willing to alienate her interest while the Assignee is willing to
buy subject to the conditions to be stated herein.

NOW THIS DEED WITNESSES AS FOLLOWS:


In consideration of the sum of thirty five million naira (N35, 000, 000.00) now
PAID to the Assignor by the Assignee (the Receipt of which the Assignor hereby
acknowledges), the Assignor as a BENEFICIAL OWNER ASSIGNS ALL THAT
parcel of Land with six blocks of flat situate at No. 5 Straight Road Akure, Ondo
State covered by a Certificate of Occupancy No. 49/59/2010A and more rightly
described in the Survey plan to be prepared by a licensed Surveyor attached to
the Schedule with all rights, easements and appurtenances TO HOLD unto the
Assignee as holder of a Statutory right of Occupancy for the term unexpired on
the Certificate of Occupancy.

IN WITNESS OF WHICH the parties have executed this Deed in the manner
below the day and year first above written.
NLS SAMPLE DRAFTS ON PROPERTY LAW PRACTICE

SCHEDULE
1. Survey Plan

SIGNED, SEALED AND DELIVERED


By the Assignor
…………………………
Mrs. Ashley Alobi
Through her true and lawful Attorney Mr. Eyeke Kenneth Samuel by virtue of a
Power of Attorney dated the 4th day of February 2020 and registered as
10/23/2020A at the Lands Registry Cross River State.

IN THE PRESENCE OF:


Name:
Address:
Occupation:
Signature:
Date:

SIGNED, SEALED AND DELIVERED


By the Assignee
…………………….
Prof. Bukola Akionla

IN THE PRESENCE OF:


Name:
Address:
Occupation:
Signature:
Date:

I CONSENT TO THIS AGREEMENT


________________________________
DATED THE 16th DAY OF DECEMBER, 2020
GOVERNOR OF ONDO STATE

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