GTBank Loses N30 Billion Queens’ Drive Property to Abiola’s Son – Court of Appeal
Court Rules Against GTBank, Returns Property to Abiola’s Son The Lagos Court of Appeal has ruled that GTBank had no legal right to take over the N30 billion Queens’ Drive mansion belonging to Alhaji Agboola Abiola , son of late presidential candidate M.K.O. Abiola . The court overturned the 2013 Federal High Court ruling that allowed GTBank to foreclose on the property. Judges said the original court ignored serious issues in the mortgage execution process. “The mortgage was so flawed it could not support any claim,” the panel stated. Mortgage Ruled Invalid Over Missing Signature, Alterations The court found that Alhaji Agboola Abiola never signed the mortgage document , making it invalid. It also noted that the footer of the document had handwritten changes not seen on other pages , raising concerns about forgery. “These mistakes make the mortgage legally […]