MUKHTAR, JCA (Delivering the Lead Judgment): 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:-
(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MI TED (HEREINAFTER CALLED THE COMPANY) WAS ON 22ND DAY OF MARCH, 1973 INCORPORATED UNDER THE COMPANIES DECREE 1968 NOW REPEALED AND IN ITS PLACE COMPANIES AND
ALLIED MATTERS ACT, 1990.
THE REGISTERED OFFICE OF THE COMPANY IS
AT BIU ROAD, GOMBE TOWN, GOMBE STATE.
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
AMO UNT OF THE CAP ITAL PAI UP O R
CREDITED AS PAID IS N1,000,000.00.
THE OBJECTS FOR WHICH THE COMPANY WAS ESTABLISHED ARE AS FOLLOWS:-
“TO CARRY ON THE BUSINESS IN ALL
THEIR RES PECTIVE BRANCHES O R MANUFACTURERS, REF INERS OF,
D…