Court Orders Businesswoman To Return N810m Parkview Property To Former Husband

By Emmanuel Daniji

A Lagos High Court has ordered a Lagos businesswoman, Ms. Olufunke Otti, to vacate a luxury property in Parkview Estate, Ikoyi, and surrender possession to her former husband, Chief Isaac Morakinyo Jolapamo, after the court found that the property was acquired with proceeds from the sale of two marine vessels entrusted to her by him.

Justice Olufolake Olufolashade Adewunmi-Oshin delivered the judgment on March 26, 2026, in suit No. LD/3034LM/2022, ruling in favour of Jolapamo over the property located at 23A & B Olusegun Aina Street, Parkview Estate, Ikoyi, Lagos.

The court also ordered Otti to refund ₦410,347,000, being the outstanding balance of the proceeds from the sale of the vessels, pay ₦63 million in rental income allegedly collected from tenants between 2018 and 2021, and ₦5 million in general damages.

The dispute dates back to the couple’s marriage and the financial arrangements surrounding the acquisition of their matrimonial home.

According to the case presented before the court, Jolapamo met Otti at the Mountain of Fire and Miracles Ministries during a difficult period in his life. Otti, who was described as a senior figure in the church, was assigned to provide him with pastoral support.

Their relationship later developed into a romance, and they got married on February 23, 2017, at the Federal Marriage Registry in Ikoyi.

Following the marriage, Jolapamo entrusted Otti with a major business transaction involving two of his marine vessels, M.T. MOR Prosperity and M.T. Power.

The court heard that she was authorised to sell the vessels and use the proceeds to acquire a matrimonial home for them in Parkview Estate.

The two vessels were subsequently sold for a combined ₦810,347,000.

Otti did acquire the Parkview property, but according to Jolapamo’s case, the title was registered solely in her name instead of his name or their joint names.

He maintained that he was unaware that the property had been registered in her name.

The relationship between the couple later deteriorated.

According to the account before the court, they effectively stopped living together in March 2019, before their marriage was eventually dissolved in April 2025.

One of the more striking moments in the dispute occurred while the couple were abroad together.

Jolapamo was said to have returned to Nigeria ahead of Otti. He later received a WhatsApp message from her informing him that she was no longer interested in the marriage and that he should vacate the Parkview property.

The message, according to the case, brought to the fore the dispute over ownership of the home he said had been acquired with the proceeds of his vessels.

The disagreement subsequently became a prolonged legal battle, with Jolapamo seeking the recovery of the property and other financial claims arising from the transaction.

In her judgment, Justice Adewunmi-Oshin ruled that the Parkview property belonged to Jolapamo and ordered Otti to surrender possession.

The court further directed her to pay ₦410,347,000, representing the outstanding balance of the vessel-sale proceeds after the purchase of the property.

She was also ordered to pay ₦63 million in rental income which the court found had been collected from tenants between 2018 and 2021 without being remitted to Jolapamo.

In addition, the judge awarded ₦5 million in general damages against her.

The judgment brings to a close a lengthy dispute that began with a marriage and a property acquisition worth hundreds of millions of naira, but eventually ended in court over ownership, proceeds from the sale of business assets and rental income.

For Jolapamo, the ruling restores his claim to a property that he maintained was purchased with proceeds from assets belonging to him, while also providing financial orders covering the remaining vessel-sale proceeds and rental income.

The judgment remains subject to any further legal steps available to the parties under Nigerian law.