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Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle

The Daily Crucible by The Daily Crucible
May 2, 2026
in News
0
Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle

 

A Lagos High Court has ordered a businesswoman and former Nigerian Television Authority staff, Ms. Olufunke Otti, to hand over a disputed luxury property in Ikoyi to her ex-husband, Chief Isaac Morakinyo Jolapamo, following a protracted legal battle.

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In a judgment delivered on March 26, 2026, in suit No. LD/3034LM/2022, Justice Olufolake Olufolashade Adewunmi-Oshin ruled that the property located at 23A and B Olusegun Aina Street, Parkview Estate, rightfully belongs to Chief Jolapamo. The court held that Ms. Otti unlawfully took ownership and must relinquish the asset.

Besides, the court ordered Ms. Otti to refund a total of N410.3 million, being the outstanding balance from the sale of two vessels entrusted to her by her former husband.

 

She was also directed to remit N63 million generated as rental income from the property between 2018 and 2021. Additionally, the court awarded N5 million in general damages against her.

The estranged couple’s relationship reportedly began at the Mountain of Fire and Miracles Ministries, where Chief Jolapamo had sought spiritual support. Ms. Otti, then a senior church member, was assigned to assist him, and their association later blossomed into a romantic relationship.

They formalised their marriage on February 23, 2017, at the Federal Marriage Registry in Ikoyi.

 

While the union lasted, Chief Jolapamo entrusted his wife with the responsibility of selling two vessels—M.T. MOR Prosperity and M.T. Power—with clear instructions to use the proceeds to purchase a family home in Parkview Estate.

Although Ms. Otti sold the vessels for N810.3 million and acquired the property, the court found that she registered it solely in her name without her husband’s consent.

The dispute came to a head during a trip abroad when she reportedly asked him to return to Nigeria and later informed him via WhatsApp that the marriage was over, instructing him to vacate the residence.

The breakdown of the marriage triggered a prolonged legal tussle, with the couple living apart from March 2019. Their union was eventually dissolved in April 2025.

With the latest ruling, the court has effectively restored both the property and financial claims to Chief Jolapamo, bringing closure to the high-stakes dispute.

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