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Nigerian businessman, real estate developer, and politician, Babatunde Gbadamosi has accused his ex-wife Mrs. Folasade Balogun of using an illicit account to launder ₦2.8b of company funds.
This revelation came in when Gbadamosi cleared the air on reports of Babalakin and Co, lawyers to Redbrick Homes International Limited, Amen City Ltd, Ashlead Estates, and Ms Folasade Balogun, over the ownership of Amen Estate and Amen Estate Phase 2, Eleko Beach Road, Ibeju-Lekki. …CONTINUE READING
The lawyers to Redbrick Homes International Limited, Amen City Ltd, Ashlead Estates, and Ms Folasade Balogun , said in a statement that Gbadamosi voluntarily relinquished his entire shareholding interests in those companies, following his voluntary resignation as a director in those companies since July 2021.
They backed up their statement with the publication of Gbadamosi’s letter of voluntary resignation dated 1st July 2021.
According to the law firm, “His (Gbadamosi) directorship resignations and shareholding relinquishment have been duly filed at the Corporate Affairs Commission and are available to the public for verification.”
Reacting, the Lagos-based business tycoon, Gbadamosi, faulted Babalakin and Co’s claims.
Gbadamosi explained that a document authored by Babalakin recently came to his attention which refuted the CAVEAT EMPTOR he recently circulated regarding the dissipation of marital assets accruing to the 21-year-long marriage between him and Mrs. Folasade Balogun Gbadamosi, describing it as meaningless.
“A document authored by Babalakin and Co has recently come to my attention, which purports to rebut the CAVEAT EMPTOR I recently circulated regarding the dissipation of marital assets accruing to the 21-year-long marriage between myself and Mrs. Folasade Balogun Gbadamosi.
“In 2018, unknown to me, Mrs. Folasade Balogun Gbadamosi opened a secret account for Redbrick Homes International Ltd at Keystone Bank. She forged my signature to open the account.
“At mediation, having discovered the existence of this illicit account, I asked her about it. Her lawyer, Bayo Adaralegbe, threatened to “go after” me for signing for Sade – with her permission – when I registered the company in 2003, because she was not in Nigeria and the registration needed to be done to complete the purchase of the land at Amen Estate.
“My desire for peace and a disloyal lawyer forced me to be silent on it. I was to later discover through a police investigation, that as of June 2022, Mrs. Folasade Balogun Gbadamosi had laundered ₦2.8b of company funds through this illicit account.
“Based on her failure to disclose this important fact at mediation, I opted, upon legal advice, to rescind the mediated agreement which had resulted in my resignation, and unknown to me, the immediate appointment of her lawyer, Bayo Adaralegbe of Babalakin and Co, to the board of the same Redbrick Homes International Ltd as a director!
“The validity of the mediation settlement used to defraud and steal the companies from me is the subject of ongoing litigation and because she knows no court, by public policy, would allow the fraudulent agreement to stand. She wants to quickly sell off the marital assets before the court voids the agreement.
That is why that document she’s waving about is meaningless. It was obtained by her DECEPTION and FRAUDULENT suppression of vital information from me at the mediation.
“Mrs. Folasade Balogun Gbadamosi has avoided personally responding to the CAVEAT EMPTOR, which I issued because she is afraid of going on the record publicly to be caught in a LIE, as she does habitually, even before courts and under oath, hence her resorting to getting her legal representatives to respond with a tissue of half-truths.”
