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

Published

3 weeks ago

September 21, 2024

Eric

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.

Folasade Balogun (formerly Folasade Gbadamosi)

Chairman/CEO Redbrick Homes Intl Ltd

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

Featured

A Peep into the World of Nollywood Acctress, Judith Iwu

Published

2 days ago

October 10, 2024

Eric

Name: Judith Iwu

Age: 42 years old

Place of Birth: Sokoto State, Nigeria

Partner: Ogechi Nwanekwu

Children: Bayo Iwu, Kizito Iwu, Angelica Iwu

Height: 6 feet tall

Award: International Media Personality Award

Career:

Judith Iwu is a renowned Nigerian actress with a distinguished career in Nollywood. Her exceptional acting talent has made her a standout performer in the industry, known for taking on complex roles that captivate audiences.

Notable Movies:

Judith Iwu has starred in several notable movies, including:

“House of Trouble”

“Priceless Woman”

“Nicest Gifts to Men”

“Evil Household”

“Virgins on Fire”

“Agony of Love”

“The Tigress”

These films have showcased her versatility, earning her respect from both peers and fans in the entertainment world.

Award:

Judith Iwu received the prestigious International Media Personality Award, highlighting her contributions not only as an actress but as a key figure in the media space. Her work continues to inspire upcoming talent within the industry.

Ended Marriage:

Judith Iwu’s marriage ended in 2006. After this, she faced the challenge of raising her three children—Bayo, Kizito, and Angelica—singlehandedly. Despite the personal difficulties, she balanced her responsibilities as a mother with her thriving acting career.

Current Partner:

Judith is currently in a supportive relationship with Ogechi Nwanekwu, who plays a significant role in her life. Together, they navigate their shared life while Judith continues to pursue her passions in the entertainment industry.

Featured

Dele Momodu Bags NAOSNP Media Icon of the Decade Award, Thanks ‘Colleagues’

Published

2 days ago

October 10, 2024

Eric

By Eric Elezuo

Veteran and celebrated journalist, who is the Chairman, Ovation Media Group, Aare Dele Momodu, has been named the National Association of Online Security News Publishers (NAOSNP) Media Icon of the Decade for his contribution to the field of journalism as well as lifting budding journalists to reach their desired heights.

The award was presented by the Minister of State for Police Affairs, Hajia Imaan Sulaiman-Ibrahim, who was the Distinguished Guest of Honour at the occasion, assisted by the Assistant Inspector-General of Police in charge of Zone 2, Onikan, AIG Adegoke Fayoade, President of NAOSNP, Samson Oki and a host of other dignitaries present, at the 2024 National Security Conference of the Association, held at the Oriental Hotel, Lagos, on Wednesday.

In her remarks at the presentation, the Honourable Minister praised the Ovation boss for his continuous to journalism, projecting African business and political leaders as well as other Nigerians in a positive light.

“We thank you Mr Ovation for all you do and continue to do. You deserve the award, and I happily present it to you,” the Minister, who reminisced with gusto the season Ovation covered her event, said.

In his response, an elated Dele Momodu, expressed gratitude to the executives and members of NAOSNP, whom he modestly described as ‘colleagues’, for considering him for the award, saying that it is always a thing of joy when your own constituency acknowledges your good works, and shows appreciation.

“I thank the members of this association for this award. It is fulfilling when your own colleagues remember you, and support you with an award of thus type. I thank the honorable minister for being available to present it to me. God bless the Federal Republic of Nigeria,” he said with a sense of patriotism.

Born on May 16, 1960, in the ancient city of Ile-Ife, Osun State, Chief Dele Momodu, a distinguished African Journalist of high repute, fulfills the dictates of impeccability in credentials, testimonials and track record.

A publisher, businessman, philanthropist, and more, he runs the highly rated Ovation International Magazine, a member of the Ovation Media Group, that has given publicity to numerous personalities. Others in his line of publications are Ovation Television and The Boss Newspaper.

Momodu has redefined negative perceptions of Africa, profiling positively African personalities, using his X, Instagram and more, where his followership runs into millions.

A former presidential candidate, Momodu has a degree in Yoruba, from the Obafemi Awolowo University and Doctorates (honoris causa) from various universities, with multiple traditional titles.

He is well traveled, and has visited over 69 countries of the world.

He is married, with four children.

Featured

Kyvatron Revolutionises Arbitrage Trading in Nigeria

Published

4 days ago

October 8, 2024

Eric

Bayo Chisom Iwu, Founder/CEO of Kyvatron, a multinational arbitrage trading company, is changing the face of investment in Nigeria. Established in June 2022, Kyvatron specialises in sourcing commodities and currencies cheaply in bulk and reselling them at a profit.

Iwu’s vision for Kyvatron began as a solo endeavor, but he soon realised the need for a more professional approach to attract major investors. Today, Kyvatron boasts an impressive portfolio, with operations spanning the US, UK, China, and Nigeria.

The company’s focus on arbitrage trading eliminates risks associated with traditional investments. By sourcing currencies and commodities in bulk, Kyvatron capitalises on wholesale rates and resells at retail prices, generating consistent profits.

Kyvatron’s innovative approach has attracted numerous investors seeking to combat inflation and financial insecurity. The company’s stable trading profits have positively impacted many lives, with returns reaching up to 23% per month.

“We specialise in Yuan Arbitrage trading, sourcing Chinese currency in bulk and reselling for profit,” Iwu explained. “Our profit comes from sourcing things in bulk, and with cryptocurrency, we can move billions of naira quickly and efficiently.”

To mitigate risks, Kyvatron deals with established brands and reputable partners, ensuring secure transactions. The company’s use of stable coins like USDT, pegged to the US dollar, protects investors from market fluctuations.

Kyvatron’s expansion plans include establishing more offices in Nigeria, with a focus on creating awareness about the benefits of arbitrage trading. Iwu aims to make the platform more robust, enabling users to pay suppliers directly and facilitating international trade.

“We’re filling a gap in the market, providing a secure and profitable investment opportunity for Nigerians,” Iwu said. “Our goal is to make Kyvatron a household name, synonymous with trust and reliability.”

With its innovative approach and commitment to investor satisfaction, Kyvatron is poised to revolutionise Nigeria’s investment landscape.