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…