The Federal High Court in Abuja has held that Mr. Goodie Minabo Ibru is the authentic chairman of Ikeja Hotels Plc, therefore nullifying an extra-ordinary general meeting (EGM) by the hotel held on January 6, 2015, where Ibru was purportedly removed. Justice A. Abdul Kafarati delivered the verdict on December 21. The judgment follows an April 24, 2015 originating summons filed by three shareholders – Prof. Isaac Adalemo, Kes Connestone International Ltd and Mr. Braimoh Ademuyewo Adesina. They sued Ikeja Hotels, IHL Services, Ibru, Corporate Affairs Commission (CAC), Security and Exchange Commission (SEC), Mr. Rasheed Olaoluwa, Mr. Olumide Braithwaite, Mr. Tunde Sarumi, Inspector general of Police and Diamond Bank Plc.
Justice Kafarati held: “I have considered all the processes filed by the parties in this case and from the said processes the issue for determination are: whether a meeting of a public company held in contravention of the provisions of sec. 218 (3) 218(1), 220(1) and 221 of the Companies and Allied Matters Act is unlawful, null and void and without any legal consequence, and whether advertising of notice of meetings in national dailies without service of personal notice suffices as notice to members of a public company under the companies and allied Matters Act, and whether a meeting help pursuant to such advertised notice and resolutions made at such meeting is unlawful, null and void and of no legal consequence…I find merit in the plaintiffs’ originating summons and, therefore, all the reliefs are granted.”