As someone who has been involved in many JV agreements, how do you contribute 50% of your obligation before the start of the project. Then, to think the 50% was paid in cash?
The lawyer and the claimant are not serious.
“There was a joint venture agreement duly entered between the parties. The claimant would contribute 4.2 million US dollars to the business, while defendant Jordan Wike would contribute the land: 1.5 hectares in Guzape and 1.7 hectares at Katampe, for construction of houses to be sold. The parties would share the proceeds in a 60/50 arrangement, with the claimant taking 60% and Jordan Wike taking 40%.
The claimant paid Jordan 2.1 million dollars, which he acknowledged as part payment of the contribution. After collecting this money, the story became entirely different.
— Claimant’s Lawyer Breaks Silence As Case Adjourned To December…
Luke father like son!