Admins go after Obasanjo’s ex-assistant, demand bank statements from shy, others – Blueprint Newspapers Limited

The boardroom crisis rocking Green Energy International Limited, an oil and gas company, whose chairman is former special adviser to the administration Olusegun Obasanjo, Professor Anthony Adegbulugbe, has taken a new turn.

Adegbulugbe was the special advisor on energy in the administration of Olusegun Obasanjo.

Recall that the two aggrieved directors of the company have now sought through the court details of the company’s bank records inside and outside Nigeria from its incorporation till date.

The directors, Dr. Bunu Alibe and Mr. Ayodele Olojede, also demanded the company’s invoice and receipt of payment for its shares from its chairman, Prof. Anthony Adegbulugbe, and other shareholders.

Adegbulugbe and the two directors of the firm had, on February 10, 2020, dragged themselves before the courts over the ownership of the oil company.

The aggrieved directors, who demanded the company’s register of all its members and shareholders, further demanded all the resolutions of its board of directors, including the resolutions to increase the share capital of the company since its incorporation. until this day.

The duo, in a motion on notice bearing the case number FHC/ABJ/CS/1390/2020, had filed a request titled “Discovery of Documents” before Judge Bolaji Olajuwon of the Federal High Court (FHC) in Abuja.

The application dated and filed on January 31, according to their attorney, Etigwe Uwa, SAN, was filed pursuant to Order 43, Rules 8(1) of the FHC Rules, 2019 and under the inherent jurisdiction of the court.

The motion sought an order extending time allowing the directors to request the company to make discovery under oath in the discovery of the documents attached to the affidavit as “exhibit BAI”.

He also sought a court order, considering that the discovery of documents already filed and served was duly filed and served.

While Green Energy International Ltd is the plaintiff/defendant in the lawsuit, Alibe and Olojede are the first and second defendants/plaintiffs respectively.

They request the court to order the plaintiff (company) to discover under oath all the documents mentioned below:

“All bank statements of the applicant’s account(s) inside and outside Nigeria from its incorporation till date. All financial instruments issued by the applicant to all banks inside and outside Nigeria including cheques, endorsements, vouchers, all contracts to third parties, monies paid to all directors by the applicant since its incorporation till date.

“All contracts with third parties for the development of the Otakikpo Marginal Oilfield (OML 11), including contracts with drilling companies, oil service companies and contracts with suppliers from the incorporation of the applicant until at the date.

“All contracts entered into by Applicant with other parties relating to crude oil sales, transportation and handling charges for the sale of Crude from Applicant’s incorporation to date.

“All audited financial and management statements of all bank accounts inside and outside Nigeria from the incorporation of the applicant till date.

“All permits and licenses including export licenses issued by the Department of Petroleum Resources for the purpose of lifting and exporting crude oil and other hydrocarbons from the Otakikpo Marginal Oilfield (OML 11) since incorporation till date.

“All agreements with third parties, including Schlumberger for the development of the Otakikpo Marginal Oil Field (OML 11) as well as other parties who have operated the field such as Lekoil, BSG, etc. since the incorporation of the applicant until ‘nowadays.

“Claimant’s invoice and receipt for payment for his shares by Prof. Anthony Adegbulugbe, Miss Nnenaya Anya, Dr. Lyberty Udochu, Grand Energy Limited, Mr. Adebayo Babalola, Ms. Busayo Bisari-Akinadeju., Mr. Elijah Adepoju, Miss Blessing I. Olorunfemi and M. Dotun Oluwakayode.

‘Professor Anthony Adegbulugbe, Miss. Nnenaya Anya. Dr. Libertyy Udochu, Grand Energy Limited. Mr. Adebayo Babalola, Ms. Busayo Bisari-Akinadeju, Mr. Elijah Adepoju, Miss Blessing J. Olorunfemi and Mr. Dotun Oluwakayode payment check or other proof of payment for plaintiff’s shares.

“Applicant’s duplicates of his share transfer certificates issued to Professor Anthony Adegbulugbe, Miss Nnenaya Anya, Dr Lyberty Udochu. Grand Energy Limited, Mr. Adebayo Babalola, Ms. Busayo Bisari-Akinadeju, Mr. Elijah Adepoju, Miss Blessing I. Olorunfemi and Mr. Dotun Oluwakayode.

“All due diligence reports conducted by Shell Petroleum and Development Company have been conducted and Prof. Anthony Adegbulugbe, Miss Nnenaya Anya, Dr. Lyberty Udochu, Grand Energy Limited, Mr. Adebayo Babalola, Ms. Busayo Bisari-Akinadeju, Mr. Elijah Adepoju, Miss Benediction I. Olorunfemi and Mr. Dotun Oluwakayode.

“All due diligence reports conducted by Department of Petroleum Resources and Prof. Anthony Adegbulugbe, Miss Nnenaya Anya, Dr. Lyberty Udochu, Grand Energy Limited, Mr. Adebayo Babalola, Ms. Busayo Bisari-Akinadeju, Mr. Elijah Adepoju, Miss Blessing I. Olorunfemi and Mr. Dotun Oluwakayode.

“All of the applicant’s tax returns for petroleum profits tax submitted to the Federal Inland Revenue Service. All proof of payment of the 2% school tax to the federal government.

“All proof of payment and tax filings for Value Added Tax payment to the Federal Inland Revenue Service. All proof and withholding tax remittance to the Federal Inland Revenue Service.

“All the minutes of the meetings, including the minutes of the general meetings, the extraordinary meetings and the management meetings of the 1st sponsor, including the extraordinary general meeting held on May 16, 2014 and that of September 17, 2015.

Alibe and Olojede had, in a notice motion bearing FHC/ABJ/PET/20/2020 filed by their former attorney, Alade Agbabiaka, SAN, listed the company and Adegbulugbe as first and second defendants, respectively.

The plaintiffs had in the lawsuit, which was brought via motion, accused Adegbulugbe of a series of corporate torts, including unilateral usurpation of executive responsibilities, contrary to the provisions of the Companies and Related Matters Act. (CAMA), 2020 and the articles of association.

They claimed to have been illegally removed from office by the chairman (Adegbulugbe) of the company they had jointly made profitable.

The claimants claimed that such a decision was contrary to the provisions of CAMA 2020 and the statutes of the organization.

In response, Adegbulugbe also filed a separate lawsuit against the two administrators in court.

Although the case was previously before Judge Ijeoma Ojukwu, however, the case was reassigned to Olajuwon, following Ojukwu’s recent transfer to the Calabar Division of the court.

When the case was brought before Olajuwon on November 2, 2021, the parties indicated their interest in settling the dispute out of court, prompting the judge to set February 2 for a report on the out-of-court settlement or for the continuation of the case. .

However, on the last adjourned date (Wednesday), the two administrators’ new lawyer, Uwa, told the court that he had just taken over Agbabiaka’s case and would need more time to study the case. case.

The claim was not contested by Benbella Anachebe, SAN, who was the plaintiff’s (corporate) attorney.

The case, however, was adjourned Wednesday to March 10.