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Abiola’s Son Recovers N30bn Property From GTBank

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Abiola's Son Recovers N30bn Property From GTBank

In a landmark ruling yesterday, the Lagos Division of the Court of Appeal overturned a 2013 Federal High Court judgment in the case of RCN Networks Ltd v. Guaranty Trust Bank PLC (CA/L/888/2014), effectively restoring ownership of a 44-room mansion valued at ₦30 billion to Alhaji Agboola Abiola, son of the late June 12, 1993, presidential election winner, Bashorun M.K.O. Abiola.

The Federal High Court’s original decision had led to what the Appellate Court described as the “unlawful foreclosure” of the property by Guaranty Trust Bank (GTBank). In its unanimous judgment, the three-member panel held that the trial court “ignored glaring discrepancies on the execution page” of a tripartite legal mortgage registered against the mansion at the Lagos State Land Registry.

Among the defects noted by the Appeal Court was that the mortgage document was never signed by Alhaji Abiola, the alleged mortgagor. The court also highlighted that its footer contained “handwritten alterations not present on other pages,” which the Appellant had argued pointed to outright forgery by GTBank. These deficiencies, the court concluded, rendered the mortgage “so deficient that it was incapable of conferring on the said bank any legal rights to foreclose on the property.”

Upon establishing these facts, the Court of Appeal discharged all charges and encumbrances that GTBank had levied on the property in favour of RCN Networks Ltd. Dr. Charles Adeogun-Phillips, SAN, appeared for the Appellant, while Mr. Norrison Quakers, SAN, represented GTBank.

The decision not only vindicates the Abiola family’s claims but also sets a significant precedent on the strict requirements for mortgage documentation and execution in Nigeria’s land registration system.

Politicsnigeria.com

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Poor Bye-Elections Results: Ohanaeze Tells Peter Obi Not To Contest 2027 Presidency

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The Ohanaeze Ndigbo, has called on 2023 Labour Party Presidential Candidate, Mr. Peter Obi, to rigorously reconsider his decision to contest the 2027 presidential election against President Bola Ahmed Tinubu.

The Igbo socio-cultural body, in an electronic statement on Tuesday August 19, hinged the call on what it described as the significant underperformance of the African Democratic Congress, ADC, in the bye-elections held across 12 states in the country last Saturday.

Deputy President- General of Ohanaeze Ndigbo, Mazi Okechukwu Isiguzoro, in the statement, noted: “The apex Igbo sociocultural organization, Ohanaeze Ndigbo, addresses the nation with a solemn pronouncement regarding the unsettling outcomes of the recent bye-elections conducted on Saturday, August 16, 2025, across sixteen constituencies nationwide.

“These electoral results, marked by the significant underperformance of the African Democratic Congress (ADC), have elicited a profound sense of dismay and disillusionment throughout Nigeria.

“It is with a resolute sense of responsibility and candor that we declare: the opposition coalition has demonstrated a concerning inability to effectively challenge the incumbent ruling party as the nation approaches the critical 2027 elections.

“The unexpected victories of the All Progressives Grand Alliance, APGA, notably under the leadership of His Excellency, Professor Chukwuma Soludo, the Governor of Anambra State, over ADC candidates – particularly those supported by the former Governor, Mr. Peter Obi – represent a significant contradiction to the prevailing perception that the Southeast region unequivocally aligns itself with Mr. Obi’s political aspirations.

“This electoral result not only diminishes Mr. Obi’s perceived influence, but also prompts critical examination of the ADC’s viability as a credible and consequential political entity within Nigeria. The outcome of these elections serves as a vital indicator, revealing a concerning disparity between the expectations of the electorate and the demonstrable capabilities of the ADC.

“Given these developments, Ohanaeze Ndigbo feels obligated to communicate this unadulterated assessment to the leadership of the opposition coalition. The stark reality of the ADC’s electoral failures, has engendered considerable apprehension within the Nigerian populace concerning the party’s capacity to offer meaningful opposition or a viable alternative to the ruling All Progressives Congress (APC). It is a matter of deep concern that, despite considerable anticipation that the ADC would secure a substantial number of seats, the party failed to achieve even a single victory in this crucial electoral exercise.

“As we reflect on these results, a thorough introspection of the ADC’s strategies and a more substantive engagement with the electorate become paramount. The party’s current approach, characterized by a disproportionate reliance on social media pronouncements and a perceived lack of meaningful interaction with the Nigerian citizenry, is demonstrably inadequate to surmount the challenges that lie ahead. The Igbo people, now more politically astute than ever, are disinclined to entrust their collective future to a weakened opposition party, whether it be the ADC or the Labour Party.

“Furthermore, we implore Mr. Peter Obi to rigorously reconsider his decision to contest the 2027 presidential election against His Excellency, President Bola Ahmed Tinubu. The recent electoral defeats of his ADC-supported candidates serve as a stark reminder of the formidable challenges that await him.

“The political landscape is undergoing dynamic transformation, and it is imperative that Mr. Obi and his supporters accurately assess the prevailing realities. The Southeast governors and Igbo political leadership, under the leadership of Senator David Umahi, have publicly expressed their intention to deliver a significant portion, up to ninety percent, of the Southeast votes to President Tinubu.

“In conclusion, Ohanaeze Ndigbo reaffirms its unwavering commitment to the political advancement of the Igbo people and the broader Nigerian society. We implore all stakeholders to engage in constructive dialogue, comprehensively re-evaluate strategies, and collaborate in earnest to forge a future that embodies the collective aspirations and hopes of all Nigerians. The imperative for profound reflection and decisive action is unequivocally now.”

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Igbo Presidency: ‘Not Peter Obi’ – Fresh Prophecy Reveals Southeast Politician To Rule Nigeria

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As the Southeast region of Nigeria continues its pursuit of the presidency, aiming for the highest political office in the country, various prominent politicians from Eastern Nigeria have made multiple attempts to secure this significant position.

In light of these efforts, a new prophecy has emerged regarding the potential next Igbo president, though it is not referring to the celebrated Peter Obi.

Since 2015, Peter Obi has been a key figure in Southeast politics, consistently positioning himself as a strong candidate for the presidency of Nigeria.

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Ibom Air Saga: 5 Revelations Comfort Emmanson Made On Altercation With Air Hostess

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The Ibom Air passenger at the centre of a viral altercation, Comfort Emmanson, has finally spoken out about the incident that led to her being banned from flying with Nigerian airlines.

In an emotional statement, Emmanson recounted her experience and shared shocking details about what truly happened on the flight.

Here are five key revelations she made:


1. Faulty Phone Sparked the Dispute
Emmanson revealed that the entire confrontation began because one of her phones had a faulty power button.

She said she tried to explain to the flight attendant, Juliana, that she could only place it in flight mode.

A fellow passenger later helped her switch it off, yet Juliana allegedly left her with a warning: “You will see.”

2. She Was Stopped from Alighting Without Explanation
After landing in Lagos, Emmanson claimed she was prevented from leaving the aircraft despite doing nothing wrong.

According to her, Juliana blocked her way without clarifying the reason, triggering confusion and frustration.

3. She Was Dragged, Humiliated, and Recorded
She said her frontal hairpiece was pulled, her clothes were torn, and she was insulted.

In the chaos, videos captured her exposed body, which later went viral online.

4. Viral Videos Left Her Deeply Traumatised
She lamented that people made memes and stickers from her exposed images, leaving her ashamed, unable to work freely, and fearful about her reputation and future.

5. She Reacted Out of Pain and Anger
“I poked her back. I admit I wouldn’t have done that if I weren’t provoked,” she confessed.

Despite the controversy, Emmanson maintains she is not a “troublesome person” and never expected the matter to spiral into a nationwide scandal.

Recently, Delta State Governor’s aide Ossai Ovie Success offered her a ₦500,000 monthly job and a free trip, a gesture that could help her rebuild her life.

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