<p><strong> MUKHTAR, JCA (Delivering the Lead Judgment): </strong> In the Federal High Court sitting at Jos, the respondent who was then a petitioner filed a petition for winding up of the appellant company. The content of the petition is as follows:- “THE HUMBLE PETI TI ON OUNIO N BANK ONIGERIA PLC A BANKING COMPANY INCORPORATED IN NIGERIA O40 MARI NA LAGOS S HOWS AS FOLLOWS:-</p><p>(1) GO MBE OI L SEED P RO CESS ORS LI MI TED (HEREINAFTER CALLED THE COMPANY) WAS ON 22ND DAY OF MARCH, 1973 INCORPORATED UNDER THE COMPANIES DECREE 1968 NOW REPEALED AND IN ITS PLACE COMPANIES AND</p><p>ALLIED MATTERS ACT, 1990.</p><p>THE REGISTERED OFFICE OF THE COMPANY IS</p><p>AT BIU ROAD, GOMBE TOWN, GOMBE STATE.</p><p>THE NOMINAL CAPITAL OF THE COMPANY IS N1, 000, 000. 00 DIVIDED I NTO 1, 000, 000 O RDINARY SHARES O N1.00 EACH. THE</p><p>AMO UNT OF THE CAP ITAL PAI UP O R</p><p>CREDITED AS PAID IS N1,000,000.00.</p><p>THE OBJECTS FOR WHICH THE COMPANY WAS ESTABLISHED ARE AS FOLLOWS:-</p><p>“TO CARRY ON THE BUSINESS IN ALL</p><p>THEIR RES PECTIVE BRANCHES O R MANUFACTURERS, REF INERS OF,</p><p>D…</p>