JUSTICE Okon Abang will on December 7, re-adopt written arguments of both the plaintiffs and the defendants in a suit filed by the Chairman of Newswatch Communications Limited, Jimoh Ibrahim, against the four founding directors of the company over the Share Purchase Agreement of Newswatch magazine.
The judge, while adjourning the matter, disclosed that in view of the fact that there were so many cases on his list, he would not entertain further arguments at the next adjourned date, but only pure adoption of written arguments.
Ibrahim, it will be recalled, had sued Ray Ekpu, Dan Agbese, Yakubu Mohammed and Soji Akinrinade, the founding directors in conjunction with one of his companies, Global Media Mirror Limited.
During Monday’s proceedings, counsel for the plaintiffs, Adenrele Adegorioye, asked the court to dismiss the preliminary objection filed by Ekpu and others to the suit.
He insisted that the founding directors lacked the power to declare trade dispute as contained in their letter to Ibrahim, because they were no longer owners of the company.
Adegorioye had argued that since Ekpu and other Directors of Newswatch had resigned and sold the company, they no longer have the power and mandate to continue to act as directors or remain on the board of the company.
Tribune
No comments:
Post a Comment