Breach Of Contract: Court Hears Suit Against DNJ Properties & Invest. Ltd Dec. 11

Justice Sunmonu Tunde Bashiru, of the Tafawa Balewa High Court of Lagos State, today, adjourned further hearing of breach of contract suit filed against a real estate firm, DNJ Properties and Investment Limited, by one of its subscribers, till December 11, 2025.

An subscriber, Olufemi Enahoro Odiri, had instituted the suit marked LD/ADR/5956/2025, against the firm over alleged failure to fulfill terms of contract entered into despite paying all agreed subscription fees.

In the suit, Olufemi through his lawyer, Barrister Ademola Adefolaju, is asking the court
for the followings reliefs: “a declaration that by the Contract of Sale between the Claimant and the Defendant, the consideration fully furnished by the Claimant, the defendant is obliged to allocate the One Unit of Two Bedroom apartments in respect of the property lying situate and being at Plot 14 & 16 Eru Ifa Street, Ikate, Lekki, Lagos to the Cla:mant.

“An order directing and or compelling the defendant to immediately allocate to claimant the One Unit of Two Bedroom apartment in respect of the property lying, situate and being at Plot 14 & 16 Eru Ifa Street, Ikate, Lekki, Lagos duly paid for by the Claimant and in line with the contract of sale agreement duly executed by the parties.

“An order directing the defendant to pay to the claimant the sum of N200, 000,000.00 (two Hundred Million Naira only) which represents the current market price/value of One Unit of Two Bedroom apartment fully paid for by the Claimant in respect of the property lying, situate and being at Plot 14 & 16 Eru Ifa Street. Ikate, Lekki, Lagos upon failure and/or refusal of the defendant to immediately allocate to the Claimant the One Unit of Two Bedroom apartment.

“The sum of N5, 000, 000 00 (Five Million Naira) being the cost of prosecuting this suit.

“And order for pre-judgment interest rate of 21 percent per annum on the claimed sum until the judgement is delivered and a postponement interest at annun rate of 19% per annum on the Judgment sum until the final liquidation of same.”

At the resumed hearing of the matter today, Claimant’s lawyer, Adefolaju informed the court that he was served with the defendant’s statement of defence on November 4, 2025. Adding that he intends to respond to the statement of defence within the stipulated time.

He further also told the court that discussions are underway for a possible out-of-court settlement with client.

Responding, Counsel for the defendant, Mutiu Akinrimade, confirmed that both parties have shown interest in resolving the matter amicably.

He therefore prayed the court for an adjournment to allow for further settlement discussions.

Following their submissions, the court adjourned the case to December 11, 2025, for further directives.