A person may not be deprived of his legal rights on grounds of acquiescence or laches unless it will be inequitable and unjust to grant him such a right because he has done by his conduct that which might fairly be regarded as equivalent to a waiver of it or he has by his conduct or neglect put the other party in a position where it will not be reasonable to place such other party if the remedy were to be asserted. Two factors are always taken into consideration in granting the remedy sought and these are – (i.) the length of the delay; and (ii.) the nature of the acts done during the interval which might affect either party and cause a balance of justice or injustice in so far as it relates to the grant of the remedy.
– Wali JSC. Kayode v. Odutola (2001)