Popular comedian Ali Baba and his company, XQZMOI TV, have been evicted from a Victoria Island property following a Federal High Court ruling that reversed its sale to him. Bailiffs enforced the eviction on August 28, under a writ issued on August 15, based on a judgment delivered by Justice Ambrose Lewis-Allagoa on July 31, 2025.
The court threw out a suit by the
Asset Management Corporation of Nigeria (AMCON) against Harold Expansion
Industries, which challenged ownership of the property at 324A Akin Ogunlewe
Street. It ordered the property returned to the deceased original owner’s
family.
AMCON had claimed Harold
Expansion owed N617 million, stemming from loans taken in 2008, which it said
it inherited from Bank PHB. To recover part of the debt, AMCON sold the
property to Ali Baba in 2021 for N220 million, even though court proceedings were
still pending.
Justice Lewis-Allagoa ruled that
AMCON failed to provide critical evidence like the defendant’s statement of
account and neglected to respond to Harold Expansion’s counterclaim. Under
Section 131(1) of the Evidence Act 2011, the judge dismissed AMCON’s case as
fundamentally flawed. The court ruled entirely in favour of Harold Expansion,
awarding them the property and N500 million in damages.
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