In Suit No. CV/1923/26, Law Cornerstone successfully represented Ms. Juliet and Ms. Linda against Gtext Holdings (owned by Dr. Stephen Akintayo) before Hon. Justice Modupe R. Osho-Adebiyi of the High Court of the Federal Capital Territory, Abuja.
The dispute arose when the Claimants expressed interest in properties advertised by Gtext Holdings and proceeded to make payments. Upon subsequently seeking updates on the development of the properties, the company became evasive and unresponsive. The Claimants thereafter demanded a refund of the sums paid. Gtext Holdings, however, refused to refund the money, relying on its own arbitral refund policy and offering no further explanation.
On 11th November 2026, the Court, while delivering judgment in favour of the Claimants, ordered Gtext Holdings to refund the sums paid by the Claimants within 30 days and further awarded general damages against Gtext Holdings.
This judgment reaffirms the settled principle that real estate companies cannot arbitrarily withhold purchasers’ funds or seek refuge in unilateral policies when they fail to discharge their contractual obligations. The courts will not hesitate to intervene to protect the rights of property buyers and uphold accountability in the real estate sector.
This matter was handled by the Litigation Department of Law Cornerstone with Omaga Emmanuel, Esq.,as the Lead Counsel.
