The Lagos State High Court in Ikeja has formally adopted the Terms of Settlement reached between Capital Gardens Limited and Oretol Nigeria Limited as its consent judgment.
This development followed Capital Gardens’ unreserved apology over statements alleged to be false and defamatory against Adewale Oladapo and Oretol Nigeria Limited.
Justice Jumoke Pedro delivered the consent ruling on January 13, 2026, effectively closing the long-running disagreement involving a parcel of land within Hampton Island Estate, Lekki.
During proceedings, counsel for the claimant, Joseph S.B. (SAN), notified the court that both parties had reached an amicable resolution.
He told the court, “Although an application dated December 3, 2025, is pending, the parties have settled their differences and jointly agreed that the Terms of Settlement be adopted as the judgment of this court.”
He further stated that the agreement had been signed by all parties on January 9, 2026.
Counsel representing the defendant, Mariam Oyede, confirmed their concurrence, noting, “My Lord, we align with the request that the Terms of Settlement be entered as consent judgment.”
Under the settlement, Capital Gardens conceded that previous claims and publications made against Adewale Oladapo and Oretol Nigeria Limited were inaccurate and misleading.
In fulfilment of the agreement, the company issued a public apology published in The Guardian, Leadership and New Telegraph on January 2, 2026.
The statement read, “We acknowledge that the publications were misleading and caused embarrassment to Mr Adewale Oladapo and Oretol Nigeria Limited. We hereby retract the statements and offer our unreserved apology.”
Court documents revealed that the dispute centred on a four-hectare tract of unreclaimed, submerged land within the approximately 40-hectare Hampton Island Estate.
The court clarified that contrary to widely shared information online, the entire estate covers about 40 hectares and operates under an approved government layout, with the disagreement involving only a four-hectare section.
The matter stemmed from a 2020 agreement where the developer, Oretol, committed to allotting four hectares to Capital Gardens once the area had been reclaimed.
However, pandemic-related delays, inflation and escalating reclamation and construction costs made the project economically unfeasible, prompting Oretol to terminate the arrangement.
With the consent judgment in place, the court confirmed that the dispute has been conclusively resolved and that no further issues remain before it.