Court Bars Godmade Homes, Kuyebi from Seizing Ikoyi Duplex as Firm Drags Developer to Court Over N295m Deal

A Lagos State High Court sitting in Tapa has restrained real estate developer Godmade Homes Limited and its alter ego, Ayoolanrewaju Kuyebi, from taking over a disputed luxury property in Osborne, Ikoyi, following a legal battle over an alleged breach of a multi-million-naira sale agreement. 

The order was granted by Justice Rosul Olukolu of the Lagos State High Court while ruling on an ex-parte motion filed by AbdulHakeem Adio on behalf of Two Aprils Limited in suit number LD/853CM/2026.

The court specifically restrained the defendants from disturbing, reselling, transferring, or taking possession of the disputed property — a five-bedroom terrace duplex with boys’ quarters located in the high-brow Osborne area of Ikoyi — pending the hearing of the motion on notice.

Dispute Over N295.5m Property Deal

According to court documents, the property was marketed by Godmade Homes as a completed and deliverable unit, leading Two Aprils Limited to agree to purchase it for N295,500,000, out of which the firm allegedly paid N247,260,000 despite repeated delays in delivery.

The agreement was said to have originated from a sale offer issued in July 2022 and a formal contract dated November 4, 2022.

The claimants further told the court that the developer issued a Letter of Allocation dated May 21, 2024, confirming the purchase, but allegedly continued to shift delivery dates and failed to honour key terms of the contract. 

Tension escalated when solicitors to Godmade Homes, in a letter dated February 16, 2026, reportedly informed the buyer that the company reserved the right to resell the property and demanded a new purchase price of N450,000,000, less the amount already paid.

Two Aprils Limited rejected the proposed increase, insisting that the original contract price of N295,500,000 remained binding, according to a reply from the claimant’s solicitors dated February 19, 2026.

The dispute worsened after the developer allegedly terminated the sale agreement unilaterally through a letter dated February 23, 2026, prompting the buyer to approach the court to prevent the property from being sold to another party.

Court Steps In

After reviewing the application, Justice Olukolu granted the claimant’s request and ordered that Godmade Homes Limited and Ayoolanrewaju Kuyebi must not tamper with the property until the court hears the substantive motion.

The judge adjourned the case to April 2, 2026, for further proceedings.

The ruling effectively preserves the status quo over the high-value Ikoyi property pending determination of the dispute.