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Power of Attorney - Brisad International Nigeria Limited

This document is a power of attorney between Brisad International Nigeria Limited and Kushyak Nigeria Limited. It grants Kushyak power of attorney over a plot of land owned by Brisad. Specifically, it allows Kushyak to take possession of the land, assign or mortgage interests in the land, and sue or be sued regarding the land on Brisad's behalf. In exchange, Kushyak agrees to pay all fees and perform obligations related to maintaining the land. The power of attorney is irrevocable and was granted for valuable consideration between the two companies.

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Yunisa Besiru
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216 views3 pages

Power of Attorney - Brisad International Nigeria Limited

This document is a power of attorney between Brisad International Nigeria Limited and Kushyak Nigeria Limited. It grants Kushyak power of attorney over a plot of land owned by Brisad. Specifically, it allows Kushyak to take possession of the land, assign or mortgage interests in the land, and sue or be sued regarding the land on Brisad's behalf. In exchange, Kushyak agrees to pay all fees and perform obligations related to maintaining the land. The power of attorney is irrevocable and was granted for valuable consideration between the two companies.

Uploaded by

Yunisa Besiru
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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POWER OF ATTORNEY

BETWEEN

BRISAD INTERNATIONAL NIGERIA LIMITED


(DONOR)

AND

KUSHYAK NIGERIA LIMITED


(DONEE)

PREPARED BY:
FAITH WALK CHAMBERS
Suite 26, Shalom Plaza,
Gudu District – Abuja.
POWER OF ATTORNEY

THIS POWER OF ATTORNEY is created this ……………. day of ……………………2012


BETWEEN BRISAD INTERNATIONAL NIGERIA LIMITED of Plot 729 Life Camp
Abuja, (hereinafter called "The Donor" which expression shall where the context
so admits includes his heirs, executors, legal/ representatives & assigns) of the
first part.

IN FAVOUR OF:

KUSHYAK NIGERIA LIMITED of No. 17 Yamusa Street, Ungwan Pama Sabon Tasha
Kaduna, Kaduna State. (hereinafter called "the Donee" which expression shall
where the context so admits includes his heirs, executors, legal/representatives &
assigns) of the second part.

WHEREAS:

By Letter of Certificate of occupancy (hereinafter called the "PROPERTY") granted


by The Honourable Minister FCT Abuja and described as PLOT No. 1058 Cadastral
Zone B18 of Sector Centre D Gudu District Abuja, with file no; MISC 53052
measuring about 5.128.54 Sqm, Approximately became vested in the Donor.

NOW THIS POWER OF AITORNEY WITHNESSES THAT:

THE DONOR HEREBY IRREVOCABLY APPOINTS AND CONSTITUTES KUSHYAK


NIGERIA LIMITED "THE DONEE" OR "ATTORNEY" his true and lawful attorney to
do all or any of the following:-

1. To take possession of the property described in the recital above.

2. To assign, mortgage, charge etc the entire interest therein without


unlawful interference by the DONOR or his executors or assigns however
called.
3. To sue and be sued in respect of the said plot with a proviso that the
DONOR shall indemnify the DONEE against any defects in title herein
conveyed.

4. The DONEE covenants with the DONOR to pay henceforth to the


appropriate authorities all the fees, rents and rates and to perform and
observe the covenants, provisions conditions and stipulations contained in
the current laws affecting the property.

5. The DONOR HEREBY DECLARES AND CONFIRMS that his POWER OF


ATTORNEY is granted for a valuable consideration the receipt whereof he
hereby acknowledges and shall FOREVER BE IN FORCE AND REMAIN
IRREVOCABLE.

6. That there is no other POWER OF ATTORNEY executed in respect of this


property by the DONOR.

IN WITNESS WHEREOF the parties have hereunder set their hands and seal the
day and year first above written.

THE COMMON SEAL OF BRISAD INTERNATIONAL NIGERIA LIMITED IS HEREIN


AFFIXED

_________________ __________________
DIRECTOR SECRETARY

THE COMMON SEAL OF KUSHYAK NIGERIA LIMITED IS HEREIN AFFIXED

_________________ __________________
DIRECTOR DIRECTOR

SWORN TO AT THE HIGH COURT


REGISTRY, ABUJA

BEFORE ME

COMMISSIONER FOR OATHS

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