August 3, 2025
Business

Owode Onirin Market Dispute: Court Sets October 13 Hearing, Directs Parties to Maintain Status Quo

Lagos, July 2, 2025 — The Magistrate Court handling the dispute over Owode Onirin Market has adjourned the matter until October 13, 2025, directing all involved parties to maintain the status quo pending the next hearing.

The decision follows a request by counsels representing the claimant, who cited the need for additional time to collate evidence and produce comprehensive valuations ahead of the trial. Counsel to the defendant agreed to the postponement, supporting the court’s desire for procedural fairness.

Magistrate Mrs. A.O. Ajayi, presiding over the case, ruled that no party should alter the physical structures, leasehold arrangements, or operational activities at the market until the resumed hearing. This order was granted to preserve the current conditions, pending a conclusive court determination.

Both parties—landowners and market operators—have been warned that failure to comply with the directive could result in sanctions, including contempt proceedings.

The October 13 session is expected to feature the filing and exchange of detailed witness statements, expert valuations, and documentary evidence. Market stakeholders are advised by local counsel to adhere strictly to the status‑quo order to avoid legal complications.

This adjournment offers a respite to traders and tenants at Owode Onirin as the court process unfolds, providing time for due diligence and legal preparation ahead of the substantive hearing in October.