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Saturday, October 23, 2021

Unlawful Removal: Two directors drag Green Energy Ltd, Chairman to court

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Two directors of Green Energy International Limited, Bunu Alibe and Ayo Olojede, have dragged the company and its chairman, Anthony Adegbulugbe before a Federal High Court, Abuja over their unlawful removal.

The directors, in a motion filed by their counsel, Alade Agbabiaka, SAN, before Justice Ijeoma Ojukwu, listed the company and Adegbulugbe as 1st and 2nd respondents respectively.

The applicants averred that such decision, removing their names as directors of the company was contrary to the provisions of Companies and Allied Matters Act, CAMA, 2020 and the organization’s Article of Association.

The duo wants the court to restrain the respondents whether by themselves or by their servants, agents, privies or any of their subsidiaries of how-whatever from giving effect to, taking steps or doing any acts on the basis of the resolutions taken or arrived at or purportedly made at the Annual General Meeting of the company which was held on the 12th of November, 2020, pending the hearing and final determination of the petition filed herein.

The applicants are also praying the court for an order of Interlocutory Injunction restraining the respondents from preventing and or denying them of all rights, entitlements, privileges, benefits and or emoluments due to them from the company as Executive Director, Technical and Executive Director, Sustainable Development respectively pending the hearing and final determinations of the petitions filed herein.

According to Agbabiaka, the applicants filed a petition dated November 24, 2020, to challenge, among others, the validity of the said AGM on the ground that a valid notice was not issued and that all transactions carried out thereat were null and void.

Agbabiaka said the applicants would suffer irreparable damage if the respondents were not restrained by the court.

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