Ramon Oladimeji, Onuba, Abuja

The Federal High Court in Lagos on Friday adjourned further proceedings till March 28, 2017 in a suit filed against Guaranty Trust Bank and six others by Miss Oluwatise Aderinokun, daughter of a former Managing Director of GTBank, the late Olutayo Aderinokun.

Eight-year-old Aderinokun, who sued through her mother, Mrs. Salamotu Aderinokun, alleged manipulation of her late father’s shares in GTBank.

Joined as co-defendants with GTBank in the suit are Datamax Registrar Limited; Kanali Investments Limited; Day Waterman Company Limited; Caribod Investment Limited; Mr. Babatunwa Aderinokun; and Investment One Financial Services Limited.

The young Aderinokun, in her suit, alleged that the defendants breached the implied contract between them and her late father, as regards the deceased’s shares in GTBank.

Aderinokun, through her lawyer, Mr. Osaro Eghobamien (SAN), is urging the court to declare as illegal the recognition of three limited liability companies – Kanali Investments Limited, Day Waterman Company Limited and Caribod Investment Limited – as being entitled to the accruing dividends on her late father’s shares in GTBank.

She wants the court to order an enquiry into the volume of her late father’s shares in GTBank, held in the names of the three companies.

She claimed that contrary to her late father’s instruction, GTBank and Datamax Registrar Limited had paid over N1bn as dividends in the names of the companies to unauthorised persons, who were masquerading as the beneficial owners of her late father’s shares in GTBank Plc.

The payments, the young Aderinokun claimed, were made to the said unauthorised persons following various Annual General Meetings held between June 14, 2011 and March 31, 2015.

She is seeking an order of perpetual injunction restraining GTBank and the rest of the defendants from acknowledging/recognising the three companies as being the beneficial owners of the rights accruing to the shares held in their names in GTBank Plc.

At the resumed proceedings in the case on Friday, counsel for the 7th defendant, Miss M. I. Betty, contended that any objection raised by the 6th defendant could not be sustained, on the grounds that there was defect in the counter-affidavit filed by the 6th defendant.

In his submission, however, counsel for the 6th defendant, Mr. Olumide Aju, informed the court of his application, dated March 23, 2017, that urged the court to set aside the preliminary objection raised by the plaintiff, and allow him to cross-examine a witness, Mr. Mike Okon.

However, Eghobamien urged the court to hear his client’s application for interlocutory injunction because GTBank Plc was about to hold its Annual General Meeting, slated for April 7, 2017.

Egbobamien said his client’s contention was that since GTBank Plc’s AGM was to hold next week, it was imperative for the court not to hear defendants’ application on Friday but rather hear his client’s application for injunction.

After hearing the parties, Justice Idris adjourned till March 29, 2017, for the hearing of all applications of second, third, fourth and fifth defendants in the suit.

In his objection to the suit, the sixth defendant, Babatunde Aderinokun, alleged that the plaintiff’s mother, Salamotu, was never married to the late Aderinokun.

He identified Olufunlola Kafayat as the only woman legally recognised as Aderinokun’s wife, with whom the deceased was said to have contracted a marriage on January 7, 1983, in New York, United States of America.

Babatunwa also stated that the plaintiff’s claim that her late father held GTBank Plc’s shares through three companies namely: Kanali Investment Limited, Day Waterman Company Limited, and Caribod Investment Limited, was erroneous and inaccurate, as the three companies were validly constituted and registered under Nigerian law.

He said the deceased could not have given his GTBank Plc’s shares held in the name of the three companies to any beneficiaries as claimed by the plaintiff because it was the said companies and not the late Aderinokun, who owned GTB Plc’s shares.

He added that the will of the deceased never directed the executors and trustees of the deceased’s estates to take over or manage any company as erroneously claimed by the young Aderinokun.

He urged Justice Idris to dismiss the suit with substantial cost against the plaintiff.

http://punchng.com/court-sets-date-for-aderinokuns-daughters-suit-against-gtbank/

Pls can someone summarize wat they are saying to me

BUHARI again

Tayo Aderinokun, we all miss your Midas touch in the banking Sector

She walked into the banking hall, with her pointed shoes announcing her arrival minutes before you saw her.

She wore that kind of dress that convinces you that heaven is missing an angel.

The aroma of her perfume would easily finish a bowl of eba for its sweetness.

And the phone which she gingerly held to her ear, without minding the security guy that was waving frantically at her that calls are not allowed in banking halls, will cost a small fortune.

She stepped forward, picked a deposit slip and searched frantically for a pen.

About five guys offered her their pens but she took mine, maybe because I was closest to her.

After a while, or a long while because time stood still, she stood up and inched closer to me.

I was sweating like a pregnant fish and huffing and puffing like a Monitor lizard.

She whispered, "Please can you spell 'thirty' for me?"

I looked down at her deposit slip in surprise.

She had written, 'Tarty Tausan'!

Blood of Zachariah!!!!!

BEAUTY IS NOT EVERYTHING.
Good morning friends.

Abeg make dem pay her joor. No comment

..........

SMH.

good

HRich:
3MYVFDS

they say make you comment you de paste odd

Emekus92:
Pls can someone summarize wat they are saying to me

.



She said gtbank thief him papa shares

All these men wey dey born anyhw with diff Women self. So na the 8 year old child understand all these technical jargons. Smh women self

3MYVFDS

Is alright

t

This na family matter... Make I no talk anything abeg before them go ask me who chook my mouth

A Yoruba proverb comes to mind....

Ok thnks. Na court matter e b den

CROWNWEALTH019:
BUHARI again

you must be mad for mentioning Nigerian president in this!!!!

ladesson:



you must be mad for mentioning Nigerian president in this!!!!

I think he's not OK if he doesnt mention Buhari.

Objection, my lord!

wow

The defence should raise further preliminary objection to the effect that the court has no jurisdiction.

The matter should be struck out cuz it is the Investment And Securities Tribunal that has jurisdiction to try the matter.


Lawyers these days are lazy.

Let Afonjas catch u dis morning.

siraj1402:
She walked into the banking hall, with her pointed shoes announcing her arrival minutes before you saw her.

She wore that kind of dress that convinces you that heaven is missing an angel.

The aroma of her perfume would easily finish a bowl of eba for its sweetness.

And the phone which she gingerly held to her ear, without minding the security guy that was waving frantically at her that calls are not allowed in banking halls, will cost a small fortune.

She stepped forward, picked a deposit slip and searched frantically for a pen.

About five guys offered her their pens but she took mine, maybe because I was closest to her.

After a while, or a long while because time stood still, she stood up and inched closer to me.

I was sweating like a pregnant fish and huffing and puffing like a Monitor lizard.

She whispered, "Please can you spell 'thirty' for me?"

I looked down at her deposit slip in surprise.

She had written, 'Tarty Tausan'!

Blood of Zachariah!!!!!

BEAUTY IS NOT EVERYTHING.
Good morning friends.

Only mad people call people mad.

ladesson:




you must be mad for mentioning Nigerian president in this!!!!

siraj1402:
She walked into the banking hall, with her pointed shoes announcing her arrival minutes before you saw her.

She wore that kind of dress that convinces you that heaven is missing an angel.

The aroma of her perfume would easily finish a bowl of eba for its sweetness.

And the phone which she gingerly held to her ear, without minding the security guy that was waving frantically at her that calls are not allowed in banking halls, will cost a small fortune.

She stepped forward, picked a deposit slip and searched frantically for a pen.

About five guys offered her their pens but she took mine, maybe because I was closest to her.

After a while, or a long while because time stood still, she stood up and inched closer to me.

I was sweating like a pregnant fish and huffing and puffing like a Monitor lizard.

She whispered, "Please can you spell 'thirty' for me?"

I looked down at her deposit slip in surprise.

She had written, 'Tarty Tausan'!

Blood of Zachariah!!!!!

BEAUTY IS NOT EVERYTHING.
Good morning friends.

But,she offered you some change too. You no tell us about ooo

they r just using this girl to create headlines by saying she is d one suing, na her mama dey sue, no mind Dem, girl wey still dey primary school r own jejely, issorite

Some people just like to derail people... Olodos