Court Reserves Verdict in ₦25M, $25k Lekki Apartment Refund Suits Against Balmoral
The Ikoyi Judicial Division of the High Court of Lagos State has reserved ruling in two related suits instituted by Mr. Mobolaji Olorunfemi and Mrs. Fausat Adeola Oladipo against Balmoral Halls & Events Management Ltd. and two others over the alleged failure to refund monies paid towards the purchase of apartments at ARI-S Court, Idado/Agungi, Lekki, Lagos State.
The suits, marked LD/ADR/6241/2025 and LD/ADR/6421/2025, were commenced on 6 December 2025. Mr. Olorunfemi is seeking the refund of ₦25,000,000, being part-payment allegedly made towards the purchase of an apartment, while Mrs. Oladipo seeks the refund of $25,000 allegedly paid for a similar apartment transaction with the defendants.
According to court documents, Mrs. Oladipo was introduced to the defendants by Mr. Olorunfemi and subsequently entered into her own transaction with them for the acquisition of an apartment within the same development.
In their respective actions, the claimants are also seeking interest on the sums claimed at the rate of 10 per cent per annum, together with the costs of the suits.
Maintaining that the defendants have no substantial defence to their claims, the claimants filed separate applications for summary judgment alongside their writs of summons, urging the court to enter judgment in their favour without the necessity of a full trial.
The defendants, however, denied liability and contended that one Engr. Kolawole Oni is a necessary party to the proceedings. They argued that the said Engr. Oni was responsible for the abrupt termination of the construction arrangement that allegedly gave rise to the dispute. Consequently, the defendants sought leave of court to initiate third-party proceedings against him.
At the resumed hearing on 13 May 2026, the court heard arguments from counsel to the claimants, Mr. Abiodun Olubusade, in support of the applications for summary judgment. The court also received submissions from defence counsel, Mr. Daniels Nanna, on the applications seeking leave for third-party proceedings.
After taking arguments from both sides, the court adjourned the matters until 1 July 2026 for ruling on the pending applications.
The forthcoming ruling is expected to determine whether the claims will be resolved summarily or proceed to full trial.
