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    Home»Nigeria Economy»FG takes possession of residential properties in Ikoyi on court order
    Nigeria Economy

    FG takes possession of residential properties in Ikoyi on court order

    NigeriaNewzBy NigeriaNewzJanuary 28, 2026No Comments3 Mins Read
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    The federal authorities has taken possession of some residential properties in Ikoyi, Lagos, citing court docket judgment delivered three and half years in the past in Lagos.

    A number of the possessed properties are located on George Avenue, off Mobolaji Johnson Avenue, whereas others are on Second Avenue and different streets inside that axis.

    The properties affected on George Avenue are these on Nos 1, 2 and 5. The previous construction on No 1 which is subsequent to ECOWAS workplace, has been demolished and a large building is occurring to construct a high-rise residential property.

    The property on No 2 is an previous one-storey constructing that has all the trimmings of colonial residences with the gate bearing “Preserve Off, Army Zone” warning. Property No 5 can be an previous constructing with multi-family models standing on two flooring.

    When BusinessDay visited the road to witness the possession, it was noticed that every of those properties had pasted on their gates, a banner citing the court docket judgment that prompted their possession.

    Learn additionally: Lagos High Court returns Ikoyi property to family, revokes FG’s possession

    The banners learn: “ID/2643LMW/2020; Federal Authorities of Nigeria Vs The Unknown Occupier(s).

    Pursuant to the judgment delivered by the Hon Justice A.M. Lawal of the Excessive Courtroom of Lagos State, Ikeja Judicial Division on the fifteenth Day of July, 2022 in favour of the Federal Authorities of Nigeria, possession of this property is hereby taken right this moment, 28/01/2026 by the court docket order.  For enquiries, contact Asset Restoration and Administration Unit, Federal Ministry of Justice, FCT, Abuja.”

    One of many authorities officers, who got here to impact the possession, advised BusinessDay that the motion grew to become needed as a result of house owners or occupiers of the properties have chosen to stay adamant “even after we can see reconstruction work happening as within the case of No 1.”

    The official, who pleaded anonymity, disclosed that they’d go so far as Financial institution Street and in addition in the direction of the Previous Federal Secretary Advanced close to Obalende.

    Shortly after the officers who got here with a bus-load of Cell Policemen left, some residents of Property No 5 got here out and eliminated the banner on their gate, telling this reporter that the marking on the wall was sufficient to indicate the property has been possessed.

    The marking on the wall, which BusinessDay sighted, reads: ‘ID/2643LMW/2020: Possession Taken right this moment, 28/01/2026 By Courtroom Order.’



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