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KEENLINE INVESTMENT LTD & ANOR v. PATERSON ZOCHONIS INDUSTRIES PLC & ORS

(2021) JELR 109651 (CA)

Court of Appeal  •  CA/L/1085/2018  •  19 May 2021  •  Nigeria

Coram
Joseph Shagbaor Ikyegh, JCA Abubakar Sadiq Umar, JCA Abdullahi Mahmud Bayero, JCA

Judgement

JOSEPH SHAGBAOR IKYEGH, J.C.A. (Delivering the Leading Judgment): The appeal is from a decision of the High Court of Justice of Lagos State (the Court below) whereby, it dismissed the appellants’ action with respect to disputed rights over the landed property located at No. 336 Murtala Mohammed Way, Yaba, Lagos.

​In summary, the appellants sued the respondents at the Court below claiming an order for a declaration that pursuant to the contract between the 2nd appellant and the 1st respondent for option to purchase and the first right of refusal on the sale of the 1st respondent’s property situate at No. 336 Murtala Muhammed Way, Yaba, Lagos, the 1st respondent is bound to sell the said property to the 2nd appellant and not to the 2nd respondent at the price of N40 million it was offered to the 2nd appellant or at the price of N45 million it was allegedly offered to the 2nd respondent; a declaration that neither the 1st respondent nor the 2nd respondent is entitled to apply for the regi…

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