Falana’s Chambers has issued a stern legal notice to Mr. Scott Iguma over a defamatory Instagram post targeting their client, Lekki Ajah Ikoyi Property Investment Limited. ..., published on February 18, 2025, alleged that the property firm was advertising fake discounted properties, a claim the company vehemently denies.
In a letter signed by Taiwo E. Olawanle, ACIHRM, on behalf of the Principal Partners, Femi Falana, SAN, FCIArb, and Funmi Falana, SAN, FCIArb, the law firm described the publication as false, misleading, libelous, and defamatory. ..., titled “Nigerians be alert and beware of fake discounts,” accused the property firm of engaging in unethical business practices, which the company claims has severely damaged its reputation.
Lekki Ajah Ikoyi Property Investment Limited, a registered property sales and management agency based in Lekki, Lagos, has built a strong reputation over the years. The company expressed deep embarrassment over the publication, stating that it has misled the public and tarnished its image.
The controversy stems from a video posted by Scott Iguma, who is known for calling out property firms that sell houses in dollars in Nigeria contrary to naira regulations and for criticizing firms that overprice their properties. In the video, Iguma questioned a property listing by Lekki-Ajah-Ikoyi and Gidi Cribs, alleging that a six-bedroom house in Ikoyi was initially listed for $9 million but was later advertised with a $3 million discount, bringing the price down to $6 million.
Iguma’s video, which went viral, included a clip where he stated: “Lekki Ajah Ikoyi and Gidi Cribs, Nigerians have some questions for you. Yesterday, Gidi Cribs, you made a post of a house listed by Lekki Ajah Ikoyi, where you both claimed that this house is on the market for 9 million, but is now on a discount for 3 million, and that the house is going now for 6 million. You said you are giving Nigerians and the buyer a 3 million discount.”
He further questioned the authenticity of the discount, pointing out that the property was initially listed on November 15, 2024, at a specific price, implying that the discounted price might not be genuine.
The law firm, in its letter, demanded an immediate retraction of the publication, a public apology on the same Instagram platform, and payment of N100,000,000.00 (One Hundred Million Naira) in damages. Failure to comply within 24 hours, the firm warned, would result in legal action, including civil and criminal proceedings.
The letter emphasized that the publication was a deliberate attempt to harm the company’s reputation and incite public distrust. It further stated that the allegations were baseless and aimed at lowering the company’s standing in the eyes of its clients and the general public.