TRANS NIGERIA ASSURANCE COMPANY LIMITED V. ATTORNEY GENERAL OF OYO STATE & ANOR

CHINWE EUGENIA IYIZOBA, JCA (Delivering the Leading Judgment): The Appellant by a Petition filed in the Court below in Suit No. FHC/IB/CS/5/13 dated 11/01/13 and a verifying Affidavit of the same date sought the following Orders and reliefs:

1. That the Trans Nigeria Assurance Company Limited be wound up by this Honourable Court under the provisions of the Companies and Allied Matters Act 1990 and Insurance Act 2003.

2. That the appointment of Gbenga Adekanmbi as Liquidator for the purpose of the Winding up of the Company be confirmed by this Honourable Court.

3. And for such other orders as may be made in the circumstances.

The lower Court upon being moved pursuant to the Application of the Petitioner (now Appellant) by way of a Motion Ex parte dated 29/01/13 granted an order that the Appellant should advertise the Petition. The Petition was advertised by the Petitioner (now Appellant) and an Affidavit of compliance with the order was filed by the Appellant. The Appellant also filed a St…