A. I. KATSINA-ALU, J.S.C (Delivering the Leading Judgment): On 28th February, 1991 a Consortium of Management Operation Lease Agreement was executed for the management of Cocoa Products Industries (Nig.) Ltd. situate at Ede, Osun State. The Deed was between Cocoa Products Industries Nigeria Limited, on the one hand, as lesson, and World Wide Industrial Venture Ltd. (50%); Phoenix Produce Nigeria Limited (25%); Dalami Nigeria Ltd. (15%) and Oyo State Government (10%) as lessees. The lease period was for a term of 6 years. The substance of the leasehold was that World Wide Industrial Venture Ltd was to produce the Managing Director, Plant, Service and Shift Managers, Phoenix Produce Nigeria Ltd to produce the accountant and Marketing Manager, Dalami to produce the Purchasing, Administration Managers and Company Secretary, whereas Oyo State Government was to produce Chairman of the Board of Directors, Financial Controller and Internal Auditors as
management lessees. The Government of Osu…