OTI V. E.F.C.C

IKYEGH, J.C.A. (Delivering the Leading Judgment): The appeal is from the judgment of the Federal High Court sitting in Lagos (the court below) by which it made a final order of for feature of the property situate at No. 20 Cameron Road, Ikoyi, Lagos (the Cameron property) as proceeds of sale of the property situate at Chevron Foreshore Area Lagos (the Chevron property) said to belong to the 2nd respondent worth ₦300 million by the malfeasance attached to the proceeds of the Cameron property that had arisen from the sale of tile Chevron property by the appellant, a co-director of the 2nd respondent.

The facts distilled from the evidence for the appellant was that at all material times, the appellant and one Mr. Femi Laniyan lived as husband and wife under the Marriage Act for upward of at least 10 years. They were joint shareholders and co-directors of the 2nd respondent with share holding of 49% and 51%, respectively. According to the appellant, she had acquired 3.02 hectares of land b…