A Federal High Court, sitting in Lagos State, has dismissed the attempt by Mr. Maurice Etim Anthony, a petitioner claiming minority shareholding in Edmark Direct Marketing Limited, a healthy living marketing company, to keep the company under lock and key since May, 2022. SaharaReporters learnt that on May 24, 2022, Hon Justice Chukwujekwu Aneke had granted the Petitioner's ex-parte application to appoint a receiver/manager over the affairs of Edmark, claiming entitlement to 5% unpaid shares of the company.
Court Dismisses Minority Shareholder’s Applications In Edmark Marketing Company, Adjourns To NovemberSaharaReporters learnt that on May 24, 2022, Hon Justice Chukwujekwu Aneke had granted the Petitioner's ex-parte application to appoint a receiver/manager over the affairs of Edmark, claiming entitlement to 5% unpaid shares of the company.
The court then appointed Anderson to undertake a comprehensive audit of the company, whilst directing the receiver/manager to vacate the company and to hand over its offices to the newly-appointed auditors to enable them to conduct the forensic audit. The Petitioner applied to the Administrative Judge of the Federal High Court to have the case transferred from Justice Osiagor but before the Administrative Judge could respond, the Petitioner also filed a motion on notice seeking an order for the recusal of the judge from the case. He also filed another motion on notice for an order for stay of execution of the order of the Court.
Consequent upon the above, the petitioner through his counsel, Bidemi Ademola-Bello, moved his application seeking the recusal of the judge and also the motion on notice for stay of execution, contending that the judge had become biased in the case. In addition, Mr. Adegboruwa referred the court to the application filed by the petitioner seeking the same order for the appointment of an auditor, which shows that all that the petitioner has been doing was to keep stalling the case in order to keep the company under lock.The court thereafter considered the arguments of counsel for the parties and delivered its rulings on the applications.
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