The parties formed a partnership that owned the Mfon Abasi Nursery/Primary School in Akwa Ibom State. They engaged the services of a legal practitioner to carry out the dissolution of the partnership. At a meeting held on 6 May 1995. The partners agreed that the right of first refusal would be given to the partners to purchase the school for the sum of N5,500,000 (Five Million Five Hundred Thousand Naira) subject to the submission of a bid and the deposit of a bank draft in the sum of N3,500,000 (Three Million Five Hundred Thousand Naira) with the legal practitioner by 17 May 1995. If no partner was able to fulfil the conditions, the bid would be open to the public.