• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Business News

Court stops Lagos State government from taking over collapsed Ikoyi building

Justina Mboho by Justina Mboho
September 1, 2022
in Business News, Legal & Regulations
Court stops Lagos State government from taking over collapsed Ikoyi building
Share on FacebookShare on TwitterShare on Linkedin

Justice Adewunmi Oshin of the Lagos High Court has restrained the Lagos State government from taking over and demolishing the two remaining high-rise buildings by Fourscore Heights Limited.

Recall on November 1, 2021, a 21-storey high-rise building on Gerrard Road, Ikoyi, Lagos State collapsed killing 46 persons while 15 persons were rescued alive.

Ruling on an ex-parte application brought by 15 subscribers of the building, the judge ordered all parties in the suit to maintain status quo pending the hearing and determination of the substantive suit.

RelatedStories

Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 

Lagos launches digital house numbering to tackle tax evasion, others 

June 24, 2025
Lagos govt mandates permits for amplified sound in nightclubs, worship centres 

Lagos Govt shuts illegal abattoir operating in residential building in Iju 

June 23, 2025

He also ordered the applicants to serve the court processes on all the defendants in the suit. He then adjourned the matter to September 29 for the hearing of the substantive matter.

What you should know

Fifteen subscribers of the three high-rise buildings at 44BCD had instituted a suit against the Lagos State government over the collapse of one of the buildings.

  • The suit was filed on their behalf by their lawyer, A.U. Mustapha (SAN) on August 12, 2022, with suit no: LD/3962LM/22,
  • Defendants in the suits include: The Lagos State government, the Attorney-General of Lagos, the state ministry of physical planning and urban development, the Lagos State Building Control Agency (LASBCA) and Edge of Design Limited.
  • They sought among other reliefs,  “an order restraining the defendants from trespassing or further trespassing, demolishing or further demolishing the properties known as Tower 2 and Tower 3 until an independent audit of the property is carried out by the Council for the Regulation of Engineering in Nigeria (COREN).
  • They also sought “An order of perpetual injunction restraining the defendants from disturbing, interfering with, taking, receiving or in any way taking possession of, demolishing, divesting and/or revoking the title, disposing of all or any part of the property, landed or otherwise.
  • They are seeking general damages of N200 million and another N50 million as the cost of filing the suit.
  • They argued that the Lagos State government failed to supervise the collapsed building in line with regulation claiming that they had invested over N15 billion in the property.
  • They sought the court to, “Declare that the first to fourth defendants were negligent in the performance of their duties by failing and/or neglecting to supervise the construction of one of the three towers.
  • They are also urging the court to “Declare that the agreements between Fourscore Heights Limited and each of them to acquire units of flats, with agreed considerations paid, entitle them to equitable rights and interests in the other two towers.
  • They maintained that the first to fourth defendants cannot benefit from their negligence by compulsorily, wrongfully, illegally, and punitively acquiring or threatening to acquire the property at 44BCD through forfeiture and/or purported forfeiture to the Lagos State government following the collapse of one of the towers.
  • The claimants further asked the court to hold that “Any demolition of the two other towers when independent evidence of unfavorable non-destructive test results has not been produced will adversely affect their equitable interests in the said properties.”

In case you missed it

  • Recall that in the aftermath of the Ikoyi building collapse tragedy in which about 45 people were killed including the developer, Femi Osibona, and 9 people rescued, a visibly angry Lagos State Governor, Babajide Sanwo-Olu, admitted that mistakes were made from all angles and promised that sanctions will be meted out.
  • The governor immediately after the tragic incident, set up an independent panel to probe the circumstances surrounding the collapse of the building. The panel which is not part of the internal probe that was conducted by the state government, was mandated to investigate the remote and immediate causes of the incident and make recommendations on how to prevent future occurrences.
  • The Lagos State Building Control Agency (LASBCA), had during a coroner’s inquest on the circumstances that led to the collapse of the 21-storey building said that the construction of the 3 high-rise buildings at Gerrard Road, Ikoyi, Lagos commenced before provisional approval was granted.
  • The Lagos State government had earlier in February announced that it will carry out criminal prosecution of Fourscore Homes Limited, the firm developing the 21-storey building that collapsed on Gerrard Road, Ikoyi, on November 1, 202, over the loss of lives that occurred during the tragedy.

Follow us for Breaking News and Market Intelligence.
Tags: Fourscore Heights LimitedLagos State Government
Justina Mboho

Justina Mboho

For further inquiries about this article, contact: Email: justina.mboho@nairametrics.com Twitter: bb_ladyj LinkedIn: Justina Mboho

Related Posts

Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 
Sectors

Lagos launches digital house numbering to tackle tax evasion, others 

June 24, 2025
Lagos govt mandates permits for amplified sound in nightclubs, worship centres 
Business News

Lagos Govt shuts illegal abattoir operating in residential building in Iju 

June 23, 2025
MAN,MCCI, Tax
Manufacturing

MAN warns Lagos plastic ban could trigger job losses, economic disruption ahead of July 1 enforcement

June 23, 2025
Lagos govt mandates permits for amplified sound in nightclubs, worship centres 
Business News

Lagos Govt begins demolition of illegal structures on drainage setbacks at Oko Oba Abattoir 

June 23, 2025
Lagos govt mandates permits for amplified sound in nightclubs, worship centres 
Business News

Lagos Govt shuts Oko Oba abattoir in Agege over unsanitary practices, environmental violations

June 19, 2025
Governor Sanwo-Olu to be honoured at Nairametrics Capital Market Awards for positioning Lagos as West Africa’s financial hub 
Real Estate and Construction

Lagos Govt suspends building permits along Lagos-Calabar Coastal Highway corridor  

June 16, 2025
Next Post
Lagos renews clampdown on Okada, impounds 81 motorcycles

Okada ban: Lagos State to jail defaulters for 3 years

Comments 1

  1. Japa Queen says:
    September 1, 2022 at 11:16 pm

    Lagos state too is complicit in the building collapse and deaths – their negligence in doing their job contributed to the collapse of that building – so they should be counter sued and in civil proceedings and joined as defendants in criminal proceedings
    Also – they can’t repossess any property (for public good) without paying proper and adequate compensation.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank
Zenth Bank








DUNS

Recent News

  • Customs seizes N352 million contraband in 2 months, hands over cannabis to NDLEA in Lagos 
  • Six Nigerian startups make Google’s 2025 Africa Accelerator program 
  • Oncology expert decries N850,000 platelet cost, seeks stronger support for pediatric cancer care 

Follow us on social media:

Recent News

Customs seizes N352 million contraband in 2 months, hands over cannabis to NDLEA in Lagos 

Customs seizes N352 million contraband in 2 months, hands over cannabis to NDLEA in Lagos 

June 24, 2025
Six Nigerian startups make Google’s 2025 Africa Accelerator program 

Six Nigerian startups make Google’s 2025 Africa Accelerator program 

June 24, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics