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Babatunde Gbadamosi Not Associated with RedBrick Homes – Sade Balogun, Lawyers

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2 years ago

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By Eric Elezuo

The last is yet to be heard of the tussle for the owner of Redbrick Homes International, who are the developers of Amen Estate Phases 1, 2 and 3 as new litigation notice has been served for the interest of the general public by reputable law firm Babalakin and Co.

The firm, in a letter dated September 19, 2024, and titled Re-Social Media Information Concerning Redbrick Homes International Ltd and Ashlead Estates Ltd, noted that Mr. Babatunde Gbadamosi, an erstwhile director, has since 2021 since to have any association with the company. As a result, his claims of ownership as presented on some social media spaces were unfounded.

The letter reads:

“We are Solicitors to Redbrick Homes International Limited (Redbricks), Amen City Ltd, Ashlead Estates Ltd (Ashlead) and Ms Folasade Balogun (formerly Mrs Folasade Gbadamosi) and our attention has just been drawn to a social media post authored by one Babatunde Gbadamosi.

“In his post, Babatunde alleges that Amen Estate and Amen Estate Phase 2 of Eleko Beach Road, Ibeju-Lekki, Lagos State are assets of Redbricks and Ashlead. He states further that Redbricks and Ashlead belong to him and Ms Balogun.  This information is false in every respect and we at this moment advise the public to ignore it.

“Babatunde Gbadamosi voluntarily relinquished his entire shareholding interest in Redbricks and Ashlead and resigned his directorship in these companies as far back as July 2021 under a notarised legal instrument. He has no interest whatsoever in either the above companies or any of their assets that he listed, namely Amen Estate, Amen Estate 2, TIARA, Emerald Bay, Emerald Park and Amen City.

“His directorship resignations and shareholding relinquishment have been duly filed at the Corporate Affairs Commission and are available to the public for verification. None of these assets is listed as “marital assets” that are subject to litigation between Babatunde Gbadamosi and Ms Sade Balogun.”

BACKGROUND

In July, 2021, Babatunde Gbadamosi, politician and former governorship aspirant and candidate in Lagos State, tendered his written resignation letter as a director of Redbrick Homes International Ltd with immediate effect.

Consequently, on February 26, 2022, Redbrick Homes put out a public notice to all investors and potential investors in the company that was published in major newspapers to the effect. It was also said that Gbadamosi relinquished his shares in the company by his resignation.

However, years later, social media notices have claimed that Gbadamosi said he resigned under duress contrary to a statement issued by Ms Shade Balogun, which revealed that he resigned in the presence of two of his counsels, two of of Redbrick counsels and a notary public.

Ms Balogun described Gbadamosi as an impostor, who was just a sleeping partner with no single financial commitment in the business and had voluntarily resigned from his position as a director of the company.

Below is the full statement by Ms Folasade Balogun earlier in the life of the feud over who owns the estate:

The attention of the Management of Redbrick Homes International Ltd, developers of Amen Estate phase 1, phase 2 and phase 3, has been drawn to certain materials in circulation to the effect that Mr Babatunde Olalere Gbadamosi is associated with Redbrick Homes International Ltd and its real estate projects.

For the avoidance of doubt, once upon a time, Mr Gbadamosi, a full time Politician, used to be a sleeping partner/shareholder without any financial investment and one of the Directors of Redbrick Homes International Ltd, but he has since voluntarily transferred, for consideration, the entirety of his shares in Redbrick Homes Intl Ltd and has also resigned his directorship of its Board since July 1, 2021.

The Board composition, shareholding structure and share capital of Redbrick Homes International Ltd has accordingly changed completely. Folasade Balogun (formerly Folasade Gbadamosi) remains the Chairman and Chief Executive Officer of Redbrick Homes Intl Ltd, a position she has served in since the inception of the company and under her leadership, Redbrick Homes Intl Ltd has continued to deliver quality service to its customers uninterrupted.

These facts can easily be verified at the Corporate Affairs Commission.

However, we are aware that Babatunde is challenging his own voluntary resignation, that was signed in front of two of his counsel, two of our counsel and a notary public, on the grounds that he signed under duress.

Our Lawyers, Babalakin & Co are dealing with this. The Suit No is: FHC/L/CS/742/2021 at the Federal High Court, Lagos before Justice A.O Faji.

For over 12 years, Redbrick Homes International Ltd have been one of the leading and most reliable posh properties provider in Nigeria. Our dedication and commitment to our cause remain unwavering, and you all can be rest assured that your satisfaction and the safety of your properties and investments will never cease to be our topmost priority now and always. Our doors are open, and we also reassure you that acquiring lands and properties with us are not only completely  safe and risk-free, it is also the choice thing to do.

We use this opportunity to express our sincere appreciation to all our customers and potential customers for standing by us over the years and wish to reassure them even more, that we would not compromise on our excellent service that they have become accustomed to. Thank you.

Folasade Balogun (formerly Folasade Gbadamosi)

Chairman/CEO Redbrick Homes Intl Ltd

Below is a letter of resignation signed by Mr. Babatunde Gbadamosi.

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Gov Adeleke Commends MicCom Legacy As Family Launches N150m Engineering Endowment at OAU

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3 days ago

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April 3, 2026

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The Governor of Osun State, Ademola Adeleke, has commended the legacy of indigenous manufacturing firm MicCom Cables and Wires, describing it as a symbol of Nigerian innovation and industrial resilience.

Speaking at the inauguration of a ₦150 million MicCom Memorial Endowment for Engineering Development at Obafemi Awolowo University, Adeleke said the company’s founders, the late Engr. Michael Ayantunde Ponnle and Engr. (Mrs.) Comfort Olufunke Ponnle, demonstrated that Nigerian engineers can compete globally.

Delivering his address, Governor Adeleke described the occasion as both a moment of remembrance and a celebration of a legacy that continues to shape the future of engineering in Nigeria.

“We are remembering two exceptional lives, while celebrating a legacy that continues to build, teach, and inspire even beyond their passing,” the governor said.

He highlighted the pioneering roles of the late couple in advancing indigenous manufacturing through MicCom Cables and Wires, at a time when Nigeria heavily relied on imported engineering technologies. Their bold commitment to local innovation, Adeleke noted, demonstrated the capacity of Nigerian engineers to compete on the global stage.

The governor emphasized that the Ponnles exemplified a rare partnership built on shared vision and complementary strengths, with Engr. Michael Ponnle providing leadership in enterprise development, while Engr. (Mrs.) Comfort Ponnle was known for her technical discipline and operational excellence.

Earlier, the Chief Executive Officer of MicCom Cables & Wires Ltd, Bukola Adubi, stated that the endowment is designed to sustain their parents’ legacy while supporting the development of future generations of engineers.

“The endowment being inaugurated today is more than a ceremonial gesture; it is a purposeful commitment to the future of engineering, innovation, and technological advancement in Nigeria. Established in honour of Late Engr. Michael Ayantunde Ponnle, FNSE, OON, OFR, and Late Engr. (Mrs.) Comfort Olufunke Ponnle, FNSE, the fund seeks to immortalize their remarkable legacy while creating a lasting platform for the development of future engineers,” she said.

Adubi added that the Ponnles were pioneers in Nigeria’s industrial sector, having founded one of the country’s first indigenous cable manufacturing companies at a time when local production capacity was still evolving.

Also speaking, the Vice-Chancellor of Obafemi Awolowo University, Simeon Bamire, described the MicCom Memorial Endowment Fund as a visionary initiative that will create opportunities for future engineers through scholarships, research support, and upgraded facilities.

“The ₦150 Million MicCom Memorial Endowment Fund represents a strategic investment in engineering education and innovation. This fund will foster academic excellence through cutting-edge research, provide scholarships to deserving students, upgrade facilities, and nurture the next generation of engineers equipped to tackle Nigeria and Africa’s most pressing technological and infrastructural challenges,” he said.

The inauguration ceremony brought together dignitaries from academia, government, industry, and traditional institutions, including Chairman, Ovation Media Group, Chief Dele Momodu, celebrating the enduring legacy of the Ponnles and their contribution to Nigeria’s engineering and manufacturing sectors.

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ADC: Timi Frank Warns INEC, APC Against Setting Nigeria on Fire, Seeks America’s Intervention

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3 days ago

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April 2, 2026

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A former Deputy National Publicity Secretary of the All Progressives Congress (APC), Timi Frank, has warned that recent actions involving the African Democratic Congress (ADC) could destabilise Nigeria’s democratic system if not urgently addressed.

Frank also called on the United States government, including President Donald Trump, to intervene in safeguarding democracy in Nigeria.

In a statement issued in Abuja, Frank reacted to a decision by the Independent National Electoral Commission (INEC) to suspend recognition of the leadership of the ADC, including that of David Mark, as well as a rival claim by Nafiu Bala Gombe, pending the determination of a suit before a Federal High Court in Abuja.

He alleged that the development reflects a growing pattern of interference in opposition parties, warning that such actions could “set Nigeria on fire.”

“INEC and the APC-led government appear to be taking steps that threaten the very foundation of our democracy,” Frank said, adding that recent developments suggest a coordinated attempt to weaken opposition parties ahead of the 2027 general elections.

Frank drew parallels with the regime of former Head of State, Sani Abacha, alleging that current trends mirror past efforts to suppress democratic institutions.
He also expressed concern over the actions of President Bola Ahmed Tinubu, claiming they signal a drift towards authoritarianism.

“Recent developments raise serious concerns about the future of democratic governance in Nigeria,” he said.
The activist further alleged that internal crises within opposition parties—including the Peoples Democratic Party (PDP), Labour Party, Social Democratic Party (SDP), and New Nigeria Peoples Party (NNPP)—may have been influenced by external forces, warning that the situation is now extending to the ADC.

He also accused the judiciary of being used to frustrate opposition parties through questionable rulings and called on the international community to impose sanctions, including visa restrictions, on electoral and judicial officials found culpable.

“The courts have been used to thwart democratic processes with frivolous decisions,” he alleged.

Frank further claimed that opposition figures were being targeted through arrests and legal actions, warning that the country could face instability if the situation persists.
“Nigeria is heading towards a crisis that may be difficult to contain if urgent steps are not taken,” he said.

He urged Nigerians, civil society organisations, and professional bodies—including the Nigeria Bar Association (NBA), Nigeria Labour Congress (NLC), Trade Union Congress (TUC), Nigeria Medical Association (NMA), and the Inter-Party Advisory Council (IPAC)—to speak out in defence of democracy.

Frank also appealed to the international community, particularly the United States, to remain vigilant in supporting democratic values in Nigeria.

He maintained that Nigerians have historically resisted anti-democratic tendencies and would continue to do so.

“Freedom of association and the right to choose must be protected. Enough is enough,” he said.

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2027: ADC’ll Lose Presidential Poll If Obi is Not Fielded, Fayose Warns

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7 days ago

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March 30, 2026

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A former Governor of Ekiti State, Ayodele Fayose, has warned that the African Democratic Congress (ADC) will lose the 2027 elections if a former presidential candidate, Peter Obi, is not on the party’s ticket.

Fayose made the remark while also assessing the performance of President Bola Tinubu in office.

He spoke on Sunday at the PDP’s national convention holding in Abuja.

“I’m happy with what Asiwaju is doing. You don’t have to have 100 percent of any issue before you are said to be doing well; but when you relate our past with our present, he is not doing well,” the former governor said.

On the opposition, Fayose suggested that the ADC’s chances depend heavily on Obi’s participation.

“I told you that if Obi is not on the ballot of ADC, that is the end of ADC. It looks like now that Obi will not; Atiku will get the ticket,” he stated.

He also cast doubt on Obi’s political path ahead of the election.

“It’s impossible for him to go back to the Labour Party. Obi is a good guy; he’s a fantastic guy, but to become the president at this time is difficult,” Fayose added.

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