Court throws out case against CAC

The court presided over by Justice A.I Chikere, dismiss the case for lack of merit, warning counsels to the plaintiff against engaging in “forum shopping by leaving Lagos and coming to Abuja to obtain ex-parte order.”The Judge warned the counsel to the plaintiff against such act saying that such behavior “is most unbecoming of a […]

The court presided over by Justice A.I Chikere, dismiss the case for lack of merit, warning counsels to the plaintiff against engaging in “forum shopping by leaving Lagos and coming to Abuja to obtain ex-parte order.”
The Judge warned the counsel to the plaintiff against such act saying that such behavior “is most unbecoming of a person who parades himself as a legal practitioner.”
She said that, “it is pathetic, unethical for counsel to engage in forum shopping by leaving Lagos and coming to Abuja to obtain ex-parte order that is most unbecoming of a person who parades himself as a legal practitioner.
“In view of the fact that this suit is pending in Lagos, already as I had said this reprehensible application is hereby refused and accordingly dismissed.”
A Director in the Valenz Holdings Limited had drag the (CAC) seeking to halt an unwinding proceedings initiated by a shareholder of the company.
The Plaintiff had sought the court for the matter to be adjourned to enable interested shareholders file necessary process before the court.
The plaintiff had earlier presented a 15 paragraph affidavit in which it explained the crust of the matter, adding that sometime in June 2012 two of the shareholders of the company submitted themselves to an Arbitration Panel which produced an agreement
The plaintiff explained that the two directors of the company had agreed on the ownership structure of the company at a meeting on June 4, 2012, but one of the directors opposed the move.
It was gathered that the inability of the two directors to agree, led to one of the directors, initiating steps to unwind the company.
In the purported agreement, the two directors were supposed to relinquish a certain percentage of their shares to accommodate the third shareholder.