Court Nullifies Attempt to Hijack Property Firm in Lagos
On July 24, 2026, the Federal High Court in Lagos, presided over by Justice Dehinde Dipeolu, ruled in Suit No. FHC/L/CS/557/2017, declaring illegal an alleged attempt to take control of Oyetubo Jokotade Estate Resources Ltd., a 30-year-old property company.
The court found that a purported meeting held on December 5, 2014, was invalid as it was convened by individuals who were neither Shareholders nor Directors of the company. These individuals had allegedly allotted themselves shares, assumed directorship positions, and removed the long-standing Company Secretary, Alhaja Amoke Okanlawon.
The court held that the meeting did not comply with statutory requirements for convening and notifying entitled persons. Consequently, Justice Dipeolu voided the resolutions, share allotments, changes in directorship, and the removal of the Company Secretary.
The court also ordered the Corporate Affairs Commission to expunge the disputed filings from its register and restore Shade Ogundare & Co. as the Company’s Secretary.
Plus234Feed summary based on reporting from This Day. Read the original report below.
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