Metro

GTBank Loses Bid To Reclaim MKO Son’s Lagos Mansion

Published

3 weeks ago

June 20, 2025

The Court of Appeal, Lagos Division, has overturned a 2013 judgment of the Federal High Court, which allowed Guaranty Trust Bank Plc to foreclose on a N30bn 44-room mansion in Ikoyi, Lagos, belonging to Alhaji Agboola Abiola, son of the late business mogul and politician, Chief M.K.O. Abiola.

A Certified True Copy of the ruling in Appeal No. CA/L/888/2014, obtained by The PUNCH showed that the appellate court found significant discrepancies in the execution of the tripartite legal mortgage that GTBank relied on to secure the loan.

The unanimous judgment, delivered by Justice Paul Aimee Bassi, with Justices Polycarp Kwahar and Abdulaziz Anka concurring, held that the trial court erred in failing to properly evaluate serious allegations of forgery and fraud raised by the appellants.

The appeal stemmed from a June 20, 2014, decision by the Federal High Court in Lagos, which granted reliefs sought by GTBank in a motion filed on April 8, 2014.

Dissatisfied with the ruling, the appellants, represented by Dr Charles Adeogun-Phillips (SAN), filed a four-ground notice of appeal.

The main issues before the court included whether GTBank had the right to regularise its affidavit after the matter had been adjourned for judgment, whether the trial court rightly granted the bank’s reliefs, and whether a valid legal mortgage existed to justify the bank’s appointment of a receiver over the Ikoyi property.

In his lead judgment, Justice Bassi ruled that the mortgage instrument relied on by the bank was fundamentally flawed and incapable of conferring any right of foreclosure.

While the first appellant, RCN Networks Ltd, acknowledged executing the deed, the second appellant, Agboola Abiola, denied signing it.

He claimed that the execution page bearing his signature had been fraudulently lifted from a different document and inserted into the mortgage deed.

The appellants also accused GTBank of consolidating two separate loans one of N508m and another of N1bn without their consent.

They alleged that after liquidating the shares pledged as collateral under the N508m loan, the bank improperly attempted to use the same execution page to enforce the N1 bn loan.

Meanwhile, police investigations that were conducted yielded inconclusive results.

In one of the reports, arbitration was recommended between the parties, while another dismissed the forgery allegations.

Nevertheless, the appellate court held that such reports could not resolve the lingering doubts surrounding the authenticity of the document in question.

Justice Bassi noted several irregularities in the pagination of the deed.

The main pages were numbered from “2 of 9” to “9 of 9,” while the execution page carried the notation “11 of 17,” indicating that it was likely sourced from an entirely different document.

He criticised the trial court for overlooking these anomalies and focusing solely on the interpretation of Clause 6 of the mortgage deed.

According to the appellate court, a document whose authenticity is in dispute cannot form the basis for adjudicating parties’ rights and obligations.

Justice Bassi held: “The lower court erred by ruling on a document whose authenticity was seriously in question. This appeal succeeds.

“The judgment of the lower court dated June 20, 2014, is hereby set aside. Parties shall bear their respective costs.”
(PUNCH)

Metro

JUST IN: Psychiatric Hospital Staff Shot Dead In Benin

Published

6 hours ago

July 11, 2025

Editor

A yet-to-be identified man was, this evening (Friday, 11 July, 2025) shot dead at Uselu Share, Benin City, in Egor Local Government Area of Edo State.

The man, who should be in his late 50’s was a staff of the Federal Psychiatric Hospital, Benin.

He was reportedly trailed by two vehicles – GLK Jeep and a red car – as he drove out from the hospital premises after the close of work.

According to our source, the two vehicles had packed in a nearby place waiting for the man’s vehicle, adding that immediately he drove out, he was trailed to a point where he was caught up and shot at a close range on the head.

Our source who does not want his name mentioned, said: “He works at Psychiatric Hospital. He closed for the day’s work and was about driving home, but unfortunately he drove in less than one minute when he was gunned down.

“It happened around 5pm this evening. We were at a nearby fast food restaurant when we heard the gunshot. It didn’t take the guys one minute to gun him down.

“After they killed the man, they were still shooting as they moved. The guys in the two vehicles were more than five.

“He’s an advance person, but we don’t know why he was killed,” he added.

According to source, security operatives comprising the Nigeria Police, officers of the Nigeria Security and Civil Defence Corps and the Nigerian Army arrived the scene promptly, adding that before they arrived the assailants had left.

Our source added that the security personnel immediately evacuated the body from the scene.

Our source, who lamented that “three days ago, they came to rob a beer parlour and Baba Ijebu Shop in this same area,” urged the authorities to draft security personnel to the area.

Contacted on the phone by INFO DAILY, Police Public Relations Officer, Edo State Command, Moses Yamu, said he was yet to be informed of the incident, promising to make his founding.

Metro

Gunmen Invade Catholic Seminary School In Edo, Kill One, Abduct Three

Published

11 hours ago

July 11, 2025

Editor

Gunmen on Thursday night attacked the Catholic Immaculate Conception Minor Seminary School at Ivianokpodi, Agenebode in Etsako East Local Government Area of Edo State and killed a member of the Nigeria Security and Civil Defence Corps (NSCDC) attached to the school.

The gunmen also abducted three students of the school.

This is coming barely ten months after an attack was carried out in the area. Two people including a priest were kidnapped and one killed during the attack.

The Directorate, Social Communications, Catholic Diocese of Auchi, Rev. Fr Peter Egielewa confirmed the incident on Friday

He said that the gunmen attacked the school at about 9:00 pm at night.

Egielewa expressed displeasure over the persistence attack on the Catholic school, personnel and its facilities.

“This is the second time in 10 months that the school had been attacked

“10 Months ago, a priest was kidnapped.

“And now three seminarians were abducted and a civil defense corps is killed, while a local vigilante sustained gun injuries

“We call on the government to protect the lives of all those who work in Catholic institution and our diocese.

“We hope the security agencies at the local, state and federal level take up the responsibility on that, so our people can be in peace and safety,” Egielewa said

Metro

Pastor Arraigned Over Alleged Rape Of Married Woman In Edo

Published

11 hours ago

July 11, 2025

Editor

A 38-year-old pastor, Simeon Okehielem, of the Synagogue Prayers Ministry has been arraigned before an Edo State High Court for allegedly raping a married woman, Mrs Isoken Vivian Aigbedo.

The pastor, who was accused of engaging in sexual relationships with married women within his congregation, was docked before the court in Benin City, on Thursday.

The charges against Pastor Okehielem followed a year 2022 incident in Uholor Community of Benin City where the cleric allegedly drugged and raped the woman leading to the birth of a child.

Recent DNA results reportedly confirmed the pastor as the biological father of the child, which prompted the Nigerian Police to re-arrest and formally arraign him.

The presiding judge, Justice Erhabor, granted an ex-parte order to remand the suspect at the Benin Correctional Custodial Centre for 14 days, pending legal advice from the Director of Public Prosecution (DPP), Ministry of Justice, Edo State.

The State Prosecutor, P.O. Odion, told the court that the alleged offence occurred in February 2022.

Okehielem was slammed with two-count charge on alleged rape and administering a stupefying substance with the intent to commit a felony.

The charge sheet, marked Suit No: BLOD/2323M/2025, reads: “That you, Okehielem Simeon ‘m’, in or about the month of February 2022, in Benin City within the Benin Criminal Division, did rape one Mrs Isoken Vivian Aigbedo and thereby committed an offence contrary to Section 4, punishable under Section 5(1) of the Violence Against Persons (Prohibition) Law, 2021.

“That you, Okehielem Simeon ‘m’, in or about the month of February 2022, in Benin City within the Benin Criminal Division, with intent to commit a felony, administered a substance to stupefy one Mrs Isoken Vivian Aigbedo, thereby committing an offence punishable under Section 256 of the Criminal Law of Edo State, 2022.”

Speaking to journalists after the court session, the victim’s legal counsel, Clinton Ogbebor, applauded the Police for its diligence.

“We are in court today over the alleged rape of my client, Mrs Isoken Aigbedo, by one Pastor Simeon Okehielem,” he said.

Ogbebor confirmed that the case file would now be forwarded to the office of the DPP for legal advice, after which the trial will proceed accordingly.

The development has stirred debates across Benin City, with residents and religious leaders expressing shock and calling for justice.

The case has been adjourned pending further legal advice from the Director of Public Prosecution.