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Court orders bank to sell mortgaged property over indebtedness

A Lagos State High Court in Ikorodu has directed the Imperial Homes Mortgage Bank Ltd to sell Plot 3, Babafemi Osoba Crescent, Lekki Phase 1, Lagos following the failure of two defendants Latana International Ltd and OtunbaOlusola Adekanola to pay a debt of N797,916,579.93.
Justice O. A. Williams also granted an order of perpetual injunction restraining the defendants or their representatives from coming within a 100 metres of the property.

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