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U.O.O. NIGERIA PLC v. MR. MARIBE OKAFOR & ORS

(2020) JELR 87123 (SC)

Supreme Court  •  SC.713/2016  •  28 Mar 2020  •  Nigeria

Coram
OLABODE RHODES-VIVOUR JSC MARY UKAEGO PETER-ODILI JSC CHIMA CENTUS NWEZE JSC AMINA ADAMU AUGIE JSC EJEMBI EKO JSC

Judgement

ADAMU AMINA AUGIE, J.S.C. (Delivering the Leading Judgment): The Appellant Company was founded by one late Nze Uche Okafor, who had seven wives, and fifty-five Children. Before his death in January 2007, the late Uche Okafor, had by a letter dated 27/1/2004, tendered his resignation as the Chairman/Managing Director/Chief Executive of the Company, to the Board of Directors, and appointed his son, "Edozie Uche Okafor", as his nominee for the said positions.

At its General Meeting held on 6/8/2004, it was resolved as follows:

1. That Chief Uche Okafor, Chairman/Managing Director/Chief Executive of the Company be and is hereby retired as the Chairman/Managing Director/Chief Executive of the Company, on grounds of old age.
2. That in his place, Mr. Edozie Uche Okafor, be and is hereby appointed the Chairman/Managing Director/Chief Executive of the Company.
3. That steps should be taken to reflect this position at the Corporate Affairs  Commission, Abuja.

Paragraph 80(d) of its Articles of Asso…

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