A federal high court in Lagos removed business mogul, Alhaji Aliko Dangote as President of Nigerian Stock Exchange [NSE].
The Court, presided over by Justice Lambo Akanbi ruled on the application by some aggrieved shareholders of African Petroleum Plc, who sought to set aside Dangote’s election as NSE president.
The AP shareholders had sued Dangote, Nova Finance and Securities Limited, NSE and others over alleged massive manipulation of AP shares.
But is clear contravention of the court order, the Nigerian Stock Exchange went ahead on August 6, with its scheduled election, at which Dangote was elected President of the Exchange.
Consequent upon this, the shareholders brought another application, through their counsel, Mr Onyebuchi Aneakor, praying the court to set aside Dangote's election.**
Source: Channels TV
2 comments:
Na wa o... Naija get problem sha... So we can comment on stories about gist and entertainment gossip but can't comment on something to do with politics in Naija? Not even ONE comment? SMH
These guys are running that country like a family business and the removal of this Dangote man from this position is hopefully a step in the right direction. I mean, individuals should not be allowed to hold an entire country to ransom. I remember when the whole Dangote versus Otedola fight was going on... They had to call them before the Senate to settle it because their actions were affecting the Stock Exchange and consequently the national economy. Only in Naija, for which country dem dey do family meeting for Senate to settle fight on top two egos??? Na wa... God help us sha.
Dear Visitors,
This blog is really nice and informative. We are pleased to know this blog is really helping people. It’s our pleasure to post informative content on this useful blog created by webmaster.
Post a Comment