Airport Hotel: Court Dismisses Suit Against Odua Investment


By; BAYO AKAMO, Ibadan

A Federal High Court sitting in Lagos has dismissed a suit  instituted by Holidays & Tours Limited against Odu’a Investment Company Limited for lack of  merit.

Justice I.N Buba in his judgment while dismissing the case for lack of merit, referred to Holidays & Tours as “a busy body, gold digging and dishonest suitor trying to reap where it never sowed.”

The judge in the judgment
affirmed that there was no valid and subsisting contract between Odu’a Investment Company Limited and Holidays & Tours Ltd contrary to the claim by Holidays & Tours Limited in the case.alleging that there was a subsisting contract between Odu’a Investment Company Limited and itself whereby Lagos Airport Hotel, a subsidiary Company of the Odu’a Group was leased to it on “Lease, Redevelop, Operate and Transfer basis.

Justice Buba  in the judgment pointed out that Holidays & Tours failed to established or prove that there was a contract between it and Odu’a and therefore  was not entitled to any relief for an award of damages or injunction as being sought

“The relief being sought by the plaintiff is the most egregious relief. The plaintiff was a small outfit which before its bid in the Lease,
Redevelop, Operate and transfer scheme never operated a major hotel in Nigeria but now sought this gold-digging prayer to be granted 1Billion Naira gratuitously.” he said.

Justice Buba added,  “the plaintiff is in the mildest being clever by half and in the strongest of terms plain dishonest” saying, ” the suit filed by it is a fundraising project by the plaintiff while other reliefs have been thrown in as red herrings to give its impression that plaintiff want to perform the contract.”

Meanwhile, the Odua Investment Company in a statement made available to newsmen in Ibadan signed by its Head Corporate Affairs, Mr Victor Ayetoro declared that with ” the outcome of the judgment, stakeholders and potential investors are hereby advised that there is no encumbrance or pending litigation on Lagos Airport Hotel.


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