AUCTION SALE - Whether the provisions of the Sales by Auction Law of Lagos State, 2004 applies to sale by private treaty; whether irregularities in an auction sale will vitiate the sale of a mortgaged property
HELD:
"To start with, there is undisputed and uncontradicted evidence in the Record of Appeal to the effect that the sale of the property in question to the Respondent was not by auction sale, rather, it was by private treaty, the negotiation of which started in 1991 and terminated in 1994.
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