• Super Admin
• 07 Mar, 2026

Some land buyers on Winhomes Estate, Okun-Ajah, Lagos, which was impacted by the Lagos-Calabar Coastal Highway construction, have demanded full possession of the plots, asking the estate's original owner to steer clear. They said on Friday that Winhomes Global Services Ltd., owners of Winhomes Estate, had already sold the plots to them and no longer had any interest in the plots. One of the buyers and Chairman of SFL Properties Ltd., Mr Banji Alabi, said the company bought 70 plots of land measuring about 41,000 square metres for N1.7 billion from Mrs Stella Okengwu, Winhomes Global Services Ltd. Founder and Chief Executive Officer. Alabi said the company carried out due diligence before buying the property and confirmed its authenticity at the Lagos State land registry at Alausa, Ikeja. He said Okengwu's continued claim to the plots and demand for compensation from the Federal Government for using a part of it for Lagos-Calabar Coastal Highway construction were faulty. "We are investors and we invested in this property. We bought 70 plots of land which is about 41,000 square metres at the cost of N1.7 billion. "We have the contract of sale, the deed of assignment and receipts issued by the seller. The documents were duly signed by Mrs Stella Okengwu," he said. According to him, the company conducted a search and verified the documents before making payment for the plots. Alabi, however, alleged that the seller concealed important information concerning the land. "What happened is that the woman concealed material information from us. "We were not aware that there was any issue with the Federal Ministry of Works regarding the land," he said. He added that the company had made efforts to reach the seller regarding the issue, but they had been fruitless. Alabi called on the public and relevant authorities to compel the seller to return to Nigeria to answer questions on the matter. Also, the General Manager and Chief Operating Officer of SFL Properties Ltd., Mr Olusesan Odeyingbo, said the company bought about 4.7 hectares of a total of 12.07 hectares owned by Okengwu. Odeyingbo said the purchase was backed with evidence including receipts, contract of sale and deed of assignment. "From records available to us, the total land area is about 12 hectares. The portion taken for the road project is less than four hectares. "From the remaining land, we bought 4.7 hectares which is about 47,000 square metres at the cost of N1.7 billion," he said. He noted that the documents confirming the transaction included receipts of N800 million, N500 million and N400 million issued by the seller. Odeyingbo said the company also had a letter of acknowledgement and necessary land transfer documents. "As far as land transaction is concerned, once a contract of sale, deed of assignment and other transfer documents are executed, the ownership has been transferred. "She has divested her interest in the land and sold it to third parties, so she has no business laying claim to the property again," he said. Odeyingbo added that the company had written to the seller after a court struck out her case against the Federal Government, saying that she no longer had legal standing over the property. He said the company had moved to take full possession of the land. Earlier, the Federal Controller of Works in Lagos, Mr Olufemi Dare, said the realignment of the highway was done to prevent demolition of more than 300 buildings. Source: https://www.thetimes.com.ng/2026/03/coastal-highway-land-buyers-fault-winhomes-estate-ceos-claim/