The court will also be wary to set aside an auction sale where the scenario indicates that the under mentioned facts are shown to the satisfaction of the court: 1) That the mortgagor did mortgage the property in dispute to the mortgagee. 2) The loan or any installment has become payable. 3) Notice of demand of repayment of roan from the mortgagee to the mortgagor. 4) The power of sale under the mortgage agreement has arisen. 5) Pre-condition of notice of sale is given to the mortgagor by the mortgagee or his agent. 6) The power of sale was exercised and the title in the property passed to the purchaser. Gbadamosi v. Kabo Travel Limited (2000) 8 NWLR Pt. 668 Pg. 243. Oguchi v. F.M.B. (Nig.) Ltd. (1990) 6 NWLR Pt. 156, Pg. 330. Bank of the North v. Alhaji Mumuni Muri (1998) 2 NWLR Pt. 536 Pg. 153. Akande v. F.B.N. (2004) 8 NWLR Pt. 875 Pg. 318.
— O.O. Adekeye, JSC. Agboola v UBA (2011) – SC.86/2003