Fidelity bank banner Camano banner
I’ll still hear suit against Newswatch —Judge

By News Express on 05/02/2013

Share on facebook Yahoo mail icon Gmail icon Share on Google+

Views: 2,217


A Federal High Court judge in Lagos who yesterday struck out a motion for a perpetual injunction seeking to stop further publication of Newswatch newspapers will still hear the case, News Express has learnt.

Many people believe that Justice Ibrahim Buba’s dismissal of the motion filed by Prof. Jibril Aminu and Alhaji Nuhu Wada Aruda on behalf of minority shareholders of directors of Newswatch Communications Limited means that the defendant, Barrister Jimoh Ibrahim, has won the case. That, however, is not the case.

The true position of things is that Justice Ibrahim Buba, in his ruling, said he would prefer to hear the plaintiff’s case on merit, since all parties to the matter are represented in court, adding that there would be no need for any restraining order,” explains Ibrahim’s counsel …in a statement released yesterday evening in Lagos.

Aminu and Aruda had requested the court to stop further publication of the recently introduced Newswatch newspaper titles pending the determination of the substantive suit. They accused the new management under Dr. Jimoh Ibrahim of systematically working to kill the company’s main product – Newswatch weekly magazine – and replacing it with a daily newspaper, to be published by a newly incorporated company – Newswatch Newspapers Limited – an organisation in which Ibrahim’s company, Global Media Mirror Limited, owns majority shares.

The shareholders, in their main suit brought via a petition, had urged the court to set aside the Shareholders Agreement through which Ibrahim assumed majority shareholding in the company.

They had averred that Ibrahim, the new Chairman of Newswatch Communications Limited, and the company “have not called a general meeting since the said new illegal take-over of the company.”

The court had last Thursday, January 31, assumed jurisdiction to hear the matter, dismissing the defendants’ preliminary objection.

•Photo: Prof. Aminu and another director are challenging Ibrahim’s alleged illegal take-over of Newswatch.

Source News Express

Posted 05/02/2013 10:17:34 PM

 

Share on facebook Yahoo mail icon Gmail icon Share on Google+


 

CLASSIFIED ADS

 

You may also like...
Fidelity in business, the number one requirement for...

Intersociety mobilises for the trial of Boko Haram...

Cattle rustlers surrender weapons in Zamfara

Nigeria needs an educated President — Dickson •We...

Rains likely today in Port Harcourt, Calabar, Yenagoa,...

FOREIGN BANK ACCOUNT: UK group clears Akpabio, declares...

Wike places N200m bounty on killers of 16...

FG to partner stakeholders on food security —...

Obiano orders residents to vacate flood-prone areas in...

Governors’ Forum: WHY WE STEPPED DOWN FOR JANG...

Intersociety hails Obi, Umeh for ending APGA war...

MOSOP commends government over progress in Ogoni clean-up...

 

Latest News Gunmen ambush, kill Ex-Defence Chief Alex Badeh Court sacks Kashamu as Ogun PDP governorship candidate Army pulls out five Generals 2019: Any vote for Buhari means insecurity, killings, hunger, Dogara tells North East electorate Maiduguri residents angry over 24 hours electricity supply ‘How bank cashiers aided armed robbers to steal my N2m’ Ogonis go to the polls to elect new MOSOP leadership FCC Director arraigned over N8.8m job scam Buhari accuses NASS of inflating debts payable to states, excluding four states 14 suspected kidnappers, armed robbers nabbed in Kaduna Adeleke faces fresh charges on exam fraud Opposition coalition okays budget presentation by Buhari to National Assembly

 

Most Read NUDE PHOTO OF OMOTOLA JALADE-EKEINDE surfaces online (431,397 views) Nigerian female sex addict opens up, says ‘I like it with both men and women’ (395,699 views) Shameless Genevieve Nnaji exposes breasts in public (328,566 views) Finally named: The full list of friends of Nigerian female sex addict who prowled Facebook (282,842 views) OLUMBA OLUMBA OBU (the one who called himself God) IS DEAD (248,549 views) Igbo scholar disgraces Femi Fani-Kayode •Demolishes claims on Igbo/Yoruba history with facts and figures (229,606 views) Breaking News: POPULAR REVEREND CONVERTS TO ISLAM in Kaduna (Nigeria) (212,653 views) OBJ’s son reported dead in Lagos plane crash •Names of more victims emerge (193,856 views) My wasted years in Olumba Olumba Obu’s Evil Brotherhood (180,339 views) THE FINAL DISGRACE: Igbo scholar unleashes more facts about Igbo/Yoruba history, finishes off Femi Fani-Kayode with second article (170,872 views) Lagos plane crash: Journalist releases victims’ names (167,677 views) Gunmen kill ASP, 2 other police officers in vain bid to kidnap Rivers PDP chieftain (154,098 views)

 

CBN banner Zenith Zero Balance First Bank chat banking

 

Categories Advertorials (3) African Press Organisation (81) Art & Literature (76) Business & Economy (3,894) Business Verdict (54) Columnists (974) Complaints & Requests (95) Enterprise & Opportunities (208) Entertainment (575) Features (681) Global Business Monitor (313) International (2,843) Interview (167) Live Commentary (28) Love Matters (147) Maggie's Blog (79) News (41,567) Opinion (1,154) Pidgin (13) Politics (8,235) Religion (920) Sports (1,831) Stock Watch (35) AMA & Al Jazeera Global Update

 

 

 

 

APO Group Partner

 

 

CLASSIFIED ADS

GOCOP Accredited Member

GOCOP Accredited member

 

 

Africa Media Agency and Al Jazeera