The founder of Dream Court and Capital Gardens, Dr Kennedy Okonkwo, has sued a businessman and promoter of Oretol Nigeria Limited, Adewale Oladapo, over an alleged breach of contract and revocation of title in a multi-billion-naira land transaction.

Okonkwo, a respected figure in Nigeria’s real estate sector, alleged that Oladapo, widely known as “Biggie,” reneged on multiple land agreements, leaving his business and reputation at risk.

According to his court documents, Okonkwo’s dispute with Oladapo began in 2020, when he purchased five hectares of land on Hampton Island, Lagos.

Despite completing full payment in 2021, work on the site reportedly stalled in 2022. When development resumed, the defendant demanded an additional 20 per cent of the land’s value to cover “inflation”—a demand he reluctantly accepted.

By 2024, the situation worsened. The claimant alleged that his original allocation was unilaterally reduced to four hectares, moved to an unsandfilled area – contrary to their agreement.

He also claimed that the defendant revoked his title in February 2025, filed a lawsuit against him, and began selling the land to other buyers.

The legal battle extends to other high-profile properties. In 2020, the claimant said he paid N500 million for a 1,000 square metre parcel on Banana Island, later topping up with an additional N283 million.

However, when he resold the property in 2024, he faced legal challenges over the title’s validity, forcing him to refund the buyer.

Similarly, in 2021, the claimant said he acquired 1.5 hectares at Hampton Harbour for N1.8 billion, funded through a Union Bank loan paid directly to the defendant. Yet, no title has been issued to him.

“I have toiled for 24 years, building a company from scratch, telling the compelling story of hard work, resilience, and integrity in the Lagos real estate sector,” the claimant declared.
Responding to the allegations, the defendant denied any wrongdoing.

The defendant maintained that Capital Gardens Limited is fully aware of the size and layout of the Hampton Estate, which spans approximately 39–40 hectares.

The defendant stated that all investors, including Capital Gardens, have received clearly defined allocations based on individual survey plans.

They disputed the claimant’s claim of breaching agreements or violating court orders, stating that no land under any legal injunction has been sold or marketed.