An Ikeja High Court of Lagos State has granted a foreclosure order in favour of Citygate Global Investment Limited, empowering the company to take possession of and sell a mortgaged property belonging to businessman Hyginus Eze over an unpaid loan of N150m,
Justice Mathias Dawodu, in a judgment delivered on May 14, 2026, in suit number ID/9743GCM/2025, held that the claimant had successfully established its right to enforce the security created under a Deed of Legal Mortgage and Memorandum of Deposit executed by the defendant in December 2024.
Citygate Global Investment Limited, through its counsel, Barrister Adeniyi Joshua, had approached the court by originating summons filed in August 2025, asking for declarations that it was entitled to enforce its mortgage rights and foreclose on the property, located at No. 4 Chidi Duru Street, formerly Eboma Street, off Havana Street, Ago Palace Way, Okota, Lagos State.
The company also sought orders
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