A Nigerian-American engineer, Anthony Ugbebor, has approached the Court of Appeal, Lagos Division, seeking to overturn a Lagos High Court ruling that extinguished his sale agreement for two luxury apartments.
Ugbebor is urging the appellate court to set aside the June 15, 2026 judgment delivered by Justice Akingbola George of the Lagos State High Court, Osborne, Ikoyi, and grant his counterclaim for specific performance of the original contract.
The dispute stems from Suit No. LD/4471LM/2023 filed by property developer Olukayode Olusanya and Oak Homes Multinational Services Limited against Ugbebor and the Economic and Financial Crimes Commission over alleged trespass on two three-bedroom apartments on the second floor of No. 14A Musa Yar’Adua Street, Victoria Island, Lagos.
The trial court dismissed most of the developers’ claims but ruled that the parties’ conduct had created a novation, thereby extinguishing the original sale agreement.
It ordered the developer to refund the N152 million paid by Ugbebor and
