A Nigerian-American engineer, Anthony Ugbebor, has appealed the judgement of the Lagos State High Court, Osborne, Ikoyi, which held that his agreement with property developer Olukayode Olusanya and Oak Homes Multinational Services Limited for the purchase of two luxury apartments had been extinguished by the doctrine of novation.
In a Notice of Appeal filed before the Court of Appeal, Lagos Division, through his counsel, Nasir Salau and Ibrahim Mahmud, of I. B. Mahmud & Associates and Nasir Salau & Co, Ugbebor is asking the appellate court to set aside the June 15, 2026 judgement delivered by Justice Akingbola George of the Lagos State High Court, sitting in Osborne, Ikoyi, and grant his counterclaim seeking specific performance of the sale agreement.
The appeal arises from Suit No. LD/4471LM/2023 instituted by Olusanya and Oak Homes against Ugbebor and the Economic and Financial Crimes Commission over alleged trespass on two second-floor three-bedroom apartments located at No. 14A Musa Yar’Adua Street, Victoria Island, Lagos.
The trial court dismissed the bulk of the developers’ claims; it held that the parties’ conduct had resulted in a novation, thereby extinguishing the original sale agreement.
