A SAMPLE OF A POWER OF ATTORNEY GIVEN FOR VALUABLE CONSIDERATION

POWER OF ATTORNEY GIVEN FOR VALUABLE CONSIDERATION

THIS POWER OF ATTORNEY made this 1st day of March, 2009 by Mr James Oniru of No 3 Koleayo Street, Lagos, Nigeria (also called "the Donor" which expression shall where the context so admits include her heirs, assigns, executors and successors-in-title) TO Adebayo Okonkwo of Plot 2A King Street, Abuja, Nigeria (also called "the Donee" which expression shall where the context so admits include her heirs, assigns and successor-in-title) of the other part.

NOW THIS DEED WITNESSES AS FOLLOWS:

I, the Donor hereby appoint the Donee irrevocably to be my Lawful Attorney to perform, execute or do all or any of the following acts or things:

• To take absolute possession of the property, a duplex at No. 1 Stratchan Lane, Bwari, Abuja.
• Sell, mortgage or charge or otherwise transfer the property to himself or any other person

I HEREBY ratify and confirm whatsoever the Donee shall do or propose to do pursuant to this instrument.

I DECLARE THAT IN CONSIDERATION OF THE SUM OF N2,000,000 (TWO MILLLION NAIRA) PAID BY THE DONEE TO ME (THE RECEIPT OF WHICH I ACKNOWLEDGE) THIS POWER OF ATTORNEY SHALL BE IRREVOCABLE.

IN WITNESS OF WHICH I HAVE EXECUTED THIS POWER OF ATTORNEY IN THE MANNER BELOW THE DAY AND YEAR FIRST ABOVE WRITTEN.

SIGNED, SEALED AND DELIVERED ----------------------------- By the within named Donor

In the Presence of:

Name:

Occupation: Legal Practitioner and Notary Public Address:

Signature