PETER CHUDI OBIORAH, J.C.A.(DELIVERING THE LEADING JUDGEMENT): This is an appeal against the judgment of the Federal High Court coram Honourable Justice I. N. Oweibo delivered on the 23rd day of January 2020 wherein the Court dismissed the petition initiated by the Appellant against the Respondents.
The Appellant is a shareholder and director in the 1st Respondent company, Drillog Petro-Dynamic Limited. For approximately 26 years since the incorporation of the 1st Respondent, the Appellant served as its Managing Director until his removal on 10th May 2016. Following his removal, but while still retaining his status as a director, the Appellant initiated legal proceedings at the Federal High Court, Lagos Division, by way of petition under Sections 310 and 311 of the Companies and Allied Matters Act (CAMA) 2004 and Rule 4(i) of the Companies Proceedings Rules.
The Appellant's petition was amended twice and by the 2nd Amended Petition filed on 15/2/2018 which was supported by a verifying…