Entertainment
Sade Balogun fights dirty with estranged husband over alleged money laundering, others
Once a lovely love affair, it now becomes caught in a cruel web of treachery and display of humiliation. Rich millionaire Ms. Folasade Balogun and her estranged husband, Nigerian businessman, real estate developer and politician, Lagos PDP chairman Babatunde Gbadamosi, are engaged in a fierce struggle for the ownership of Amen Estate, the exclusive residential housing in Lekki.
Broken pledges and unsaid words are carrying more weight than ever in this dramatic confrontation of love gone wrong, with fortunes interwoven in Redbrick Homes International Ltd, Amen City Ltd, and Ashlead Estates LTD.
Staggeringly affluent Ms. Folasade Balogun is rebuffing hard, alleging that her once-loved heartthrob, Babatunde Gbadamosi, was just a “sleeping partner” with no financial dedication to their endeavors. Now, Balogun is resolved to recover her financial image as the struggle for dominance becomes more fierce, painting Gbadamosi as nothing less than a fraud in their high-stakes conflict.
Babatunde Gbadamosi simultaneously charged Mrs. Folasade Balogun, his ex-wife, of using an illegal account to launder ₦2.8 billion of business funds. He refuted their claims and clarified that the document contradicts the CAVEAT EMPTOR he issued on the distribution of assets from his 21-year marriage to Mrs. Folasade Balogun Gbadamosi.
Dismissing the document as “meaningless,” Gbadamosi accused his ex-wife of acquiring it by means of dishonesty and the false concealment of important facts during mediation.
“In 2018, unknown to me, Mrs. Folasade Balogun Gbadamosi opened a secret account for Redbrick Homes International Ltd at Keystone Bank. She FORGED my signature to open the account.
“At mediation, having discovered the existence of this illicit account, I asked her about it. Her lawyer, Bayo Adaralegbe, threatened to ‘go after’ me for signing for Sade – with her permission – when I registered the company in 2003, because she was not in Nigeria and the registration needed to be done to complete the purchase of the land at Amen Estate.
“My desire for peace and a disloyal lawyer forced me to be silent on it. I was to later discover through a police investigation, that as of June 2022, Mrs. Folasade Balogun Gbadamosi had laundered ₦2.8b of company funds through this illicit account.
“On the basis of her failure to disclose this important fact at mediation, I opted, upon legal advice, to resile the mediated agreement which had resulted in my resignation, and unknown to me, the immediate appointment of her lawyer, Bayo Adaralegbe of Babalakin and Co, to the board of the same Redbrick Homes International Ltd as a director!
“The validity of the mediation settlement used to defraud and steal the companies from me is the subject of ongoing litigation and because she knows no court, by public policy, would allow the fraudulent agreement to stand is why she wants to quickly sell off the marital assets before the court voids the agreement.
“That is why that document she’s waving about is meaningless. It was obtained by her DECEPTION and FRAUDULENT suppression of vital information from me at the mediation.”
Gbadamosi claimed Balogun has avoided responding personally to him so she would not be caught in a lie.
