Lawyers refute Babatunde Gbadamosi’s claim of ownership in Amen Estate, citing his resignation from Redbrick Homes and relinquishment of shares in 2021.
[dropcap]C[/dropcap]laims made by Lagos politician Babatunde Gbadamosi regarding ownership of Amen Estate and its holding company have been debunked by inside sources.
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An insider disclosed: “Mr. Babatunde Gbadamosi is a vocal but deceptive social media activist and politician, whose writings and posts often attack the establishment. It is rather contemptuous that someone who consistently calls for justice for his political party is full of lies and fakery.
“Mr. Gbadamosi’s inability to let go of Redbrick Homes demonstrates how unhinged he has become.”
“While Redbrick Homes’ lawyers have issued a press release disclaiming Mr. Gbadamosi and his claims of ownership over Amen Estate, Phases 1 and 2, and Ashlead Homes, it is crucial to inform the public that Gbadamosi resigned as a director and left the company in July 2021,” said the source.
“As stated by Redbrick Homes in 2022, Gbadamosi was never an active director. He was a passive participant who left the company of his own free will.
“At the time, Gbadamosi was married to Sade Balogun, the true owner of Redbrick Homes and Amen Estate. He made his choices and followed through with them.”
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According to the insider, “when Gbadamosi left, he signed a document in which some of his demands for spousal settlement were met. He asked for four cars and some money in dollars. He was paid the first instalment and given some acres of land in Epe. However, after receiving the initial deposit, Gbadamosi almost immediately breached the terms of the agreement.”
“Perhaps Gbadamosi, who fancies himself an important politician, has forgotten that there are documents bearing his signature and evidence of his settlement,” she noted.
According to our source, “Ms. Balogun, then Mrs. Gbadamosi, may be the only woman in Nigeria who has paid such a large spousal settlement just to protect her children, company, and clients from potential embarrassment, knowing what a character like Mr. Gbadamosi is capable of.”
“It might surprise you to know that Gbadamosi even discredited the companies on their own websites. How can someone discredit something he claims to own? It got to the point where he responded to his daughter’s comment on Amen Estate’s Google page with a scathing tone, saying nasty things about the estate he now claims as his. What kind of father does that, and how much more devious and delusional can a person get?”
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The public must be reminded that Redbrick Homes International Limited, Amen City Ltd, and Ashlead Estates belong to Ms. Folasade Balogun.
Anyone can verify this at the Corporate Affairs Commission.
“Gbadamosi is an impostor whose mischief and determination to bring down Redbrick Homes have become his life’s mission. However, he will not succeed because Redbrick Homes International Limited, Amen City Ltd, and Ashlead Estates are thriving and remain one of the leading and most credible property developers in Nigeria,” the insider source said.
Another company source questioned why Babatunde Gbadamosi “seems to have a dead conscience: This is a man who left his marriage only to impregnate and marry another woman. Did he really think he could destroy his marriage and also take possession of his wife’s properties? May God forgive him,” she said.
The source revealed that: “Gbadamosi was married to the said woman while still married to Sade. He cannot deny this because the marriage certificate is there for all to see. In fact, even I have seen the document. That man is very dubious, you know. He has the audacity to still be claiming Sade’s company assets as marital assets. Shouldn’t he be asking his current wife for upkeep or has she dumped him after discovering what a liar he is?” the source smirked.
Lawyers representing Redbrick Homes International Limited, Amen City Ltd, and Ashlead Estates, Babalakin & Co., have issued a press statement clarifying that Mr. Gbadamosi made false claims in every respect, as he had voluntarily relinquished his shareholding interests and resigned as a director of these companies in July 2021.
Babalakin & Co., representing Redbrick and Ms. Folasade Balogun, have refuted Mr. Babatunde Gbadamosi’s social media claim that Amen Estate and Amen Estate Phase 2 on Eleko Beach Road, Ibeju-Lekki, Lagos State, belong to him.
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Their statement reads:
“We are solicitors to Redbrick Homes International Limited (Redbrick), Amen City Ltd, Ashlead Estates Ltd (Ashlead), and Ms. Folasade Balogun (formerly Mrs. Folasade Gbadamosi). Our attention has been drawn to a social media post authored by Mr. Babatunde Gbadamosi.
“In his post, Mr. Gbadamosi claims that Amen Estate and Amen Estate Phase 2 of Eleko Beach Road, Ibeju-Lekki, Lagos State, are assets of Redbrick and Ashlead. He further states that these companies belong to him and Ms. Balogun. This information is entirely false, and we advise the public to ignore it.
“Mr. Babatunde Gbadamosi voluntarily relinquished his entire shareholding interest in Redbrick and Ashlead and resigned as a director of these companies as far back as July 2021 under a notarised legal instrument. He has no interest whatsoever in these companies or any of their assets, including Amen Estate, Amen Estate Phase 2, TIARA, Emerald Bay, Emerald Park, and Amen City.
“His resignation and shareholding relinquishment have been duly filed with the Corporate Affairs Commission and are available for public verification. None of these assets are listed as ‘marital assets’ in the ongoing litigation between Mr. Babatunde Gbadamosi and Ms. Sade Balogun.”
It is also worth recalling that on 26 February 2022, Redbrick Homes management published a notice in Punch to clarify to all investors and potential investors that Mr. Babatunde Olalere Gbadamosi is no longer associated with Redbrick Homes International Ltd or its real estate projects.
“For clarity, Mr. Gbadamosi, a full-time politician, was once a passive partner and shareholder, without any financial investment, and one of the directors of Redbrick Homes International Ltd. He has since voluntarily transferred all his shares and resigned from its board as of 1 July 2021.
“The board composition, shareholding structure, and share capital of Redbrick Homes International Ltd have completely changed. Ms. Folasade Balogun remains the Chairman and Chief Executive Officer, a position she has held since the company’s inception. Under her leadership, Redbrick Homes International Ltd continues to deliver quality service to its customers without interruption.
These facts can easily be verified at the Corporate Affairs Commission,” the public notice concluded.
Ojelabi, the publisher of Freelanews, is an award winning and professionally trained mass communicator, who writes ruthlessly about pop culture, religion, politics and entertainment.
