A Lagos High Court sitting in Ikeja has resolved the long-drawn legal battle over the management and control of some of the assets of the late Ikemba of Nnewi, Chief Chukwuemeka Odumegwu Ojukwu in Ojukwu Transport Limited (OTL) in favour of his widow, Ambassador Bianca Ojukwu and her two children.
The late Ojukwu was a director of OTL, a family company before he died in 2011.
The suit: LD/1539/2012, filed by Mrs. Bianca Ojukwu on behalf of her two sons, Afamefuna and Nwachukwu, who were infants at the time, against OTL and seven others (brothers of the late Ojukwu, their sons and property agent) before the court, was over their alleged move to take possession of their residence at No. 29 Oyinkan Abayomi Drive, Ikoyi, Lagos, as well as some of the company’s properties in Lagos, which were under the management and control of their late father, Dim Ojukwu.
The defendants in the suit filed in 2012 are OTL, Prof. Joseph Ojukwu, Mr. Emmanuel Ojukwu, Lotanna Putalora Ojukwu, Dr. Patrick Ike Ojukwu, Mr. Edward Ojukwu, Lota Akajiora Ojukwu and Messrs Massey Udegbe (doing business under Massey Udegbe & Company).
The claimants stated that at about August 4, 2011, while their father, Chief Ojukwu was sick and hospitalised in London, the 4th-7th defendants attempted to forcibly take possession of their home at No. 29 Oyinkan Abayomi Drive (formerly Oueens Drive), Ikoyi, Lagos.
They also claimed that after the death of their father and soon after his burial, the 2nd-7th defendants went on to appoint a property agent, the 8th defendant, to take over, not only their father’s residence at Oyinkan Abayomi Drive but also other property under the possession, management, and control of their father, namely No. 13 Hawksworth Rd (now known as 13 Ojora Road) Ikoyi; No. 32A Commercial Avenue, Yaba, Lagos, No. 30 Gerard Road, Ikoyi, Lagos and No.4 Macpherson Avenue, Ikoyi, Lagos.
Delivering judgment, the court presided over by Justice A. M. Lawal, after considering all the evidence adduced by the parties in the course of the proceedings spanning about 10 years, ruled that the claimants being biological children of the late Chief Chukwuemeka Odumegwu Ojukwu, are entitled to the estate of their father, as well as his entitlements as a deceased director and shareholder of the Ist defendant.
Justice Lawal in the judgment he delivered on June 24 of this year, stated that “equity is fairness and fairness is equity,” adding that as a court of equity, the court would not allow the dispossession of the claimants who are children of a foundation director of the company while other directors are in hold and control of other property of the 1st defendant and deriving benefits from the same.
“Therefore, the claimants are entitled to possess and control what their late father possessed and controlled in the company, OTL, when he was alive,” the judge ruled.
Justice Lawal added that the fact that the 1st defendant allowed the family of the company to live on, and derive income from the assets of the company all these years is a decision of the company by conduct.
He noted that the 2nd defendant who had refused to surrender the property under his control for joint management cannot now lead the battle of having the deceased director’s children hounded out of possession of the property that was managed by their late father.
The counterclaim instituted by the defendants was struck out for lack of competence as the court declared as follows: “That the claimants are entitled to the possession and occupation of the property known as No. 29 Oyinkan Abayomi Drive (formerly Oueens Drive), Ikoyi, Lagos, until the harmonisation of the management of the assets of the Ist defendant;
“That the threat of forceful ejection of the claimants from No.29 Oyinkan Abayomi Drive, Ikoyi, Lagos, by the defendants is illegal;
“That the claimants are also entitled to the possession of the properties known as No 13 Hawkesworth Road, Ikoyi (now known as No 13 Ojora Road, Ikoyi), No. 32A Commercial Avenue, Yaba, Lagos, No. 30 Gerard Road, Ikoyi, Lagos and No. 4 Macpherson Ave, Ikoyi, Lagos, which were some of the properties that were under the possession of the late father of the claimants from the time the properties were released from government acquisition.
“That the 2nd-8th defendants are restrained either by themselves or through their agent or privies from interfering with the claimants’ possession and control of the five listed properties, being the subject matter of the suit.”
Present as the judgment was being delivered were the 1st, 5th, and 8th defendants, with the 5th defendant, a director, representing the 1st defendant.
Wale Igbintade
Follow us on:
The EFCC has arrested three suspects for alleged vote buying during the ongoing Edo governorship…
Evacuations of 30,000 people are underway in central Japan as heavy rains threaten severe flooding,…
An employee of California's state fire protection agency, known as Cal Fire, has been arrested…
In Mexico's western Sinaloa state, at least 53 people have been killed and 51 others…
The Nigeria Police Force (NPF) has announced the arrest of two suspected political thugs during…
President Bola Tinubu on Saturday rejoiced with his better half, Oluremi Tinubu, on the occasion…
View Comments
Some Auction Vehicles/Cars For Sale
Golf3= 500,000
Camry Tinny-Light=500,000
Toyota Exterra=850,000
Toyota Camry big daddy=650,000
Toyota Venza= 1.7million
Toyota Avalon=850,000
Toyota Rav4=950,000
Toyota Prado=2 million
TOYOTA HILUX=2million
Toyota Sienna=N850,000
TOYOTA 4-RUNNER=950,000
Toyota Corolla=650,000
Toyota Matrix= N700,000
Toyota Highlander=950,000
Toyota Picnic=500,000
Toyota Hiace Bus=950,000
Toyota Thundra=2 million
Toyota Sequola=900,000
BMW 5-series=960,000
BMW 3-series=640,000
BMW X6=670,000
Ford Edge=700,000
Ford Escape=600,000
Honda Elantra=600,000
Honda Baby-Boy=700,000
Honda Accord=550,000
Honda CRV=650,000
HONDA CIVIC=500,000
HONDA EVIL-SPIRIT=750,000
HONDA ODYSSEY=500,000
Honda Pilot=850,000
Nissan pathfinder=800,000
Nissan Amanda=750,000
Infinity=950,000
Benz C250=450,000
Benz C300=500,000
Benz ML350=2 million
Benz ML300=1.5 million
Benz ML550=3 million
Lexus C5 350=950,000
Lexus Rx300=1.2 million
Lexus Rx330=1.5 million
Lexus Rx350= 2 million
Pequot 206=350,000
Pequot 406=470,000
Pequot 607=650,000
.....
(O7O 4540 6674 })