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JOSEPH ADEMOLA AKIN-TAYLOR v. BOJA INVESTMENT & DEVELOPMENT COMPANY LIMITED & ORS

(2013) JELR 35577 (CA)

Court of Appeal  •  CA/L/440/1997  •  7 Aug 2013  •  Nigeria

Coram
IBRAHIM MOHAMMED MUSA SAULAWA JCA; JOSEPH SHAGBAOR IKYEGH JCA; CHINWE EUGENIA IYIZOBA JCA;

Judgement

CHINWE EUGENIA IYIZOBA, JCA (Delivering the Leading Judgment): The appellant was the owner of the property known as No. 50 Norman Williams Street, South West Ikoyi, Lagos. He was desirous of selling the property so he instructed the 3rd Respondent, a firm of Estate agents in that regard. The 1st and 2nd Respondents were tenants in the property. By a letter dated 4th October, 1991, the 3rd Respondent introduced the property to the 1st and 2nd Respondents as being available for sale at the price of  ₦8,000,000.00. The 2nd Respondent by his letter of 16th October, 1991 responded offering the sum of  ₦4.5 million which offer was rejected. On 9th November, 1992, the 2nd Respondent by another letter improved his offer to  ₦9,000,000,00 which was also rejected. In its letter rejecting the offer dated 18th November, 1992 (Exhibit A4) the 3rd Respondent indicated that the Appellant is ready to accept the sum of  ₦10,000,000.00 for the property. On 16th April,1993, the 1st and 2nd Respondents b…

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