A landlord in Banana Island, Lagos State, Dr. Ifeanyi Odii, has raised concerns over what he describes as a covert attempt to sell a property currently involved in a legal dispute.
The property, located at Plot B-7, 327 Close, Zone B, Banana Island, Ikoyi, is the subject of an active lawsuit (Suit No. LD/12277GCMW/2024) before the Lagos State High Court.
Dr. Odii, represented by the law firm Samuel N. Agweh (SAN) & Associates, has taken legal action against the Lagos State Ministry of Physical Planning and others.
He is challenging the approval and construction of a six-storey building on the plot by Fandago Properties Ltd.
In his filings, Odii alleges that the development violates the Ikoyi-Victoria Island Model City Plan (2013–2033) and deviates significantly from the originally approved building plan. Court documents state that the structure exceeds permissible building height, setbacks, and density for the area.
Despite a reported stop-work order issued on September 2, 2024, Odii claims that construction continued unlawfully, ignoring official directives.
He also argues that the development poses environmental risks and infringes on the privacy rights of nearby residents.
“The structure is illegal,” Odii stated. “It contradicts the Banana Island urban master plan — obstructing airspace, reducing privacy, and violating density rules.”
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With the case still pending in court, Odii has now raised the alarm over alleged efforts by the developers to discreetly sell the property. In a statement signed by his lawyer, Mr. Joseph Igwe of Monday Ubani & Co, he cautioned potential buyers and real estate agents to stay away from the property, emphasizing that the matter is sub judice.
Any transaction involving the property at this stage, he warned, could lead to serious legal consequences.
