Obi Asika's Storm 360 company sacks Olisa Adibua as a director | Welcome to Linda Ikeji's Blog

LI_Leaderboard_4

LI_Leaderboard_1

LI_Leaderboard_2

LI_Leaderboard_3

Saturday, 25 August 2012

Obi Asika's Storm 360 company sacks Olisa Adibua as a director

Long time friends, business partners and I hear they are kinda related, Storm 360 CEO Obi Asika and Beat FM On-Air-Personality Olisa Adibua have parted ways after working together for many years. Obi Asika released a statement today stating that Olisa is no longer a director in Storm 360 company. Read the statement below..
Storm 360 confirms that Mr Olisa Adibua is no longer a director of the company. This decision was reached at a properly constituted company EGM. Mr Adibua was a non-executive director of Storm 360 and has never been involved in the management and operations of Storm 360. The company will not engage in public discussions about its internal business operations. Storm is facing forward and continues to build upon its position as a leading light in Nigeria’s entertainment industry and community.
Thank you, Board and Management of Storm 360 – Obi Asika.
 Olisa has responded to the sack. See it after the cut...




‘As a director and founding shareholder of storm 360 Ltd, my attention has been drawn to certain unfounded statements in the media about my alleged removal as director of the company

There is therefore need to clear the air and put right the mis-stated facts leading to the said publication.
Sometime in 2011 my attention as a director of the company was drawn to certain huge and unauthorized withdrawals running on the company’s Naira and Dollar accounts. Not having been supplied any explanation and having noted the fact that the debits were to the benefit of unauthorized persons, the matter was reported to d police for investigation.

All efforts to get the other members of the board to assist in the investigations proved futile and while the investigations were on-going, a meeting of the company was hastily called in which no notice was served on me and in which the deliberations was conducted in the most clandestine manner.

For failing to comply with legal requirements for such meeting, my solicitors have commenced the necessary legal process to contest the glaringly invalid removal and set same aside.

The investigations into the fraudulent misappropriation of the company’s funds are still on and upon conclusion will reveal all the perpetrators of the fraud against the company which I and the other well-meaning members of the company have striven to build.

The public is advised to ignore such unabashed campaign of calumny as both criminal investigations and judicial proceedings are on-going which will eventually set the records straight. For the avoidance if doubt, I still remain a member of the board of the company and any claims to the contrary are completely false  – Olisa Adibua

71 comments:

Unknown said...

Bhuhahahahahah how d mighty falls!!!! Nw I need cool aid, this is gonna be a bumpy ride

Anonymous said...

First it was someone that stole Mr Adibuas Jollof rice in the studio who got fired, and now this!!
Phase two,huge sums of money has be withdrawn from the companies account and more fireworks on the making as this has become a legal matter...........somebody's hand must definitely be in the cooking jar one more time!
To be continued.............

Anonymous said...

Ok na...we dey wait!

@lilphyne said...

Who con dey lie? O_o

Anonymous said...

Grammer :)

Anonymous said...

We have sure not heard the very last of this story!!! Please we will need a follow up!!!!!! Cheers

Ikunkun Babbles said...

Oyinbo repete...Why can't he go and turn Obi Asika into punching bag as would be characteristic of him....bully oshi!

Anonymous said...

ok na






Anonymous said...

Lord of Karma...was he not d 1 dt slapped a staff?God help u ooo Olisa..D sins dt men do live with dm now.God 4give us all.

Anonymous said...

Wahala dey!! Grabs guguru and coke#

Anonymous said...

Here we go again! Igbo pple! Una no dey tire to dey wash una dirty pant for outside? Oginni? Hian! *tufia*

Anonymous said...

Olisa is a very BIG fool. And one at his age is a fool forever.

Anonymous said...

Uncle Olisa them no talk money matter now, why u come dey quick talk money mater!

Anonymous said...

Longe v. FBN part 2. leggooo

Anonymous said...

Ghen Ghen...action film!!! Yam go soon spoil o!

Anonymous said...

Well damn damn damn... O_o

Money and Greed is the root of all evil.

-Your Father

AKPOS said...

Na wa o,see byforce holdament 2 ofis...‎​Ļ☺Ļ,ma guy dem done sack U̶̲̥̅̊,notn wey popo or court go do,last last na U̶̲̥̅̊ go beg.

Anonymous said...

Fat men quarell

Chrisllionaire said...

Ghen ghen...
This is super storrrry...!
Let the film roll!!

Anonymous said...

2 much grammer!!
Billie jean

Anonymous said...

Lol. Business palAva

Anonymous said...

olisa is it by force.....u've been sacked lol

Anonymous said...

Person wey get company say him don fire u.u de dere de speak English! Bloody drunk!

Anonymous said...

Big people wahala...we haf heard!he was tryn to be righteous n good and they sacked him so dt he won't uncover their shady deals!isorai!!!

Anonymous said...

The essence of the story is lost in his bid to speak grammar! Smh

Anonymous said...

I dnt like dis Olisa man, he doesnt respect his age.

Anonymous said...

Your time has come. You are coming undone. So will the others.
CAN'T WAIT!

Danny King said...

Oju ole re.... Ole! Na who ask u abt money?

Anonymous said...

Oyibo! Supu! :)

Ken_Whizzy said...

opari ... grabbing my pop corn and drink ... this will be an intresting movie,lol

Larakingz.... said...

Kwakwakaaaa... Roling on m mat with laughter!!! Olisa the losser spitting palasa on the matter!!! Like the sau Attitude is like a bad tyre! If u don't change it, u don't move any where!!!

Anonymous said...

U no wat? Every1 hates u already so even If u were wronged NO ONE CARES, if d story is false we only hope and pray it turns real fast....ARROGANT OLD MAN...and pls ermmm use dis ur break 2 mk peace wiv evry1 u hav offended+ loose weight ur unhealthy

Anonymous said...

He is not Ibo...moron

Anonymous said...

What is this Olisa on about? Didn't he see the simplicity in Obi Asika's statement? Honey you have just been sacked. Deal with it! Ta-ta

Anonymous said...

Action film has started! Ghen ghen!!.......rily lyk dt yemi alade's "ghen ghen" song#wink#

Anonymous said...

Lmaooooooo! Removal of Director, yeah? Hehehe.

G said...

Pls shut ur stupid mouth&stop cursin igbos! Wat right do u hv to judge/say dt? Is ur tribe any better?*sigh*

Anonymous said...

Olisa is a joker.He loves trouble and I wonder why Storm didn't sack him all these years with his wahala.Aggressive human being.Now he has to answer to karma.That's life.After you have hurt so many ppl,this is ur time to pay.

Anonymous said...

I'm sure that guy he beat up is laughing in one corner...buhahahahahaha!! I love me some karma baby! All of u that have hurt and cheated in any way, karma is coming for you bitches!!!!!!!!!!!!

Anonymous said...

Olisa just accept defeat and stop being silly!i

Anonymous said...

Olisa ur time is up but u r still too blinded to see it. U've been sacked. Accept ur fate cos it's in d hands of d gods who's children u've been messing with

Anonymous said...

Lmao. U're not serious

Anonymous said...

Lawyers will usurp u now the way u collect money from artistes and frustrate them. U r going down and nobody ,not even ur lawyers can help u.can't u see?wake up sleepy head.

@Dipentahexa said...

@Anon. 9:15pm wetin carry #tribe enter dis matter now? Na ppl like u dey fail SIMPLE exam wella! Stick 2 d "story" plssss

Anonymous said...

I tire o! Its a private company which doesn't have to explain expenses to anyone. Abi Olisa get shares. Olisa just go!!! No be everytime person dey fight for public before dey comot ya pant!!!lolo! Am killing myself hehehe

Anonymous said...

Thunder visit u

Anonymous said...

Owning a company doesn't mean u own the overall company just the major shareholder..all decisions and financial obligations have to be agreed to by all Executive Directors..don't care for Olisa..but this are common business rules..bound by the law..

da luch said...

HehehehEhe!!.After going about slapping people in d office...I be de think say he be Oga sef

Anonymous said...

Olisa,u never cease to amaze me. I know u personally&i know ur an irresponsible man, due to this ur story is null&void,Get a hold of urself before u loose all u have worked 4! Regards Wendy

Anonymous said...

I don't like olisa and his pot belly and wide spread legs like a woman 9 months pregnant with twins. He should get married at his age and stop being ridiculous already. You've been sacked and the typical olisa won't shut up and swallow it. Who cares anyways, certainly not me...

nikkymandy said...

*sigh* the love of money is d root of all evil

Anonymous said...

Olisa fart, na u get d company? Excess lugage! Storm is a youngmans dream which he achieved tru sheer determination and hardwork, he had d vision.I dnt even know what possesed him to invite u into d coy. If he wan chop money, let am chop na him get d coy,abi u go tell dangote make he no chop hin own money? . U're just an unnecessary apendage. Go and build ur own jare and leave him alone, at ur old age na so so employment small small children dey give u, no go open ur own tv station or coy. Agbaya baba. Na so u woz dat innocent man slap dat day, well suck on dis "karma is a big ass BITCH"!!! I just hate it when pple try to claim or assert authority over what's not theirs.mtttcchhheeewwwww!!

Anonymous said...

Scycophant olise. Obi has carried u for many years. U нαvє allways been a lynch. Get out α̲̅πϑ get ur life α̲̅πϑ leave Obi alone. Pompous empty tin

Anonymous said...

9jadeltapikin... »W̶̲̥̅̊н̣̣̣̝̇̇̇@̤̥̣̈̊̇†̥̣̣̣̇̇̇ goes up must come down confirm

Warri Girl said...

Every1 and their own side of d story.

Anonymous said...

I hav never commented on this blog but on this issue I just had 2!I hate dis olisa guy!since wen he beat up dt guy! Bully oshi!!! Just accept it!u hav been sacked....fat fool

Anonymous said...

What ppl don't know is that olisa gave a lot of support and contacts to the storm brand. I really hope this doesn't turn out too bad. I know this guys o... The amount of ppl wey dem dey owe,the

Anonymous said...

Obi Asika don try to hire that trouble maker in the first instance. Obi watch your back. The guy is dangerous ooo. He can plan for you big time.

Anonymous said...

Storm 360 never merged with IBST. IBST was and is an independent company that 'invited' Obi Asika to attend a meeting is South
Africa with Endemol, when the Managing Director of IBST could not attend the meeting. Records and emails are available to support tthis 'fact'. This was after IBST had produced 'Doctors Quarters' for MNET. The initial Co-production deal with Endemol to Produce Big Brother was with IBST. Again initial contracts are available and emails to support this. It was based on the magnanimity of the
Managing Director of IBST, Remi Ogunpitan, that he invited Obi Asika to form Storm Vision which was meant to be a partnership
between Storm Productions (not Storm 360), and IBST. When Storm Productions were kicked out of their offices in Ikoyi, Obi and his sster relocated to IBST's offices in Ogudu. It is important to note that the relationship between Obi Asika and Remi Ogunpitan was strained based on the fact that it was the knowledge, relationships and experience of Aderemi Ogunpitan that carried Storm Vision, and the previous investments of equipment made by IBST. Again due to financial issues, mainly IBST carrying the main brunt of financing almost everything, and impeccable financial record keeping of IBST which clearly showed that IBST was carrying even Storm Music, which was clearly not the deal. Asika abandoned IBST, walked out of the offices with rent unpaid and even after Ogunpitan invited him to meetings to discuss the financial situation, Asika refused to acknowledge the issues raised. Olisa at this stage was going around saying terrible things about Ogunpitan. Ogunpitan kept quiet, and I can say today that this story is just a case of the chicken coming home to roost. They should both go and examine themselves. Ask Ogunpitan about Asika's financial imprudency and what happened to him on a deal they did with NEPAD when Asika's mother was the head of the institution. Really, they both should keep quiet.

Anonymous said...

the name of the company says it all, STORM 360.... rubbish. we need an oxford dictionary to understand their grammar. Big fools

Anonymous said...

Grammar sir/ma

Anonymous said...

Let me see how you go see money smoke your fake cuban cigar... What biz of yours is with the missing fund? Karma no dey waste time this days. Olisa you are the weakest link your are FIRED!!

Kay
London.

Anonymous said...

Indeed. Another case of longe v FBN.May the best man win.

Ziba! said...

@Anon 8:11 PM, next time please put your name so we known how authentic the source is @justsaying

Anonymous said...

Confirmed talk ! Worked there 2007 to 2010 i can confirm.

Anonymous said...

e wo! so d Bible aint lying wen it said it said d proud will be HUMBLED< chai!!! a whole almighty Olisa! nna men! odikwa bad. Mtscheww!!! Oliboss, u $just resign before d sack nau> make e b like say na u want comot>

Anonymous said...

OLISA FACE THE REALITY YOU'RE A LOSER..!! BULLY IS THE WORD.!! ITS YOUR TURN TO TASTE THE BITTER PILL YEYE MAN..

Anonymous said...

olisa why not go and hide your face instead of coming out to the public. you took your friend and cousin and the entire company you claimed that you hv interest to the police, is it a character of a good director who hv d interest of her company? obi has spent so much on you for the past 15 years. you were living wt him @ sumbo jibowu for over 7 years all on obi. olisa you made a big mistake by fighting your father obi asika! its better you go back nd apologies to obi if not you r looking for Gods anger.

dipo said...

Leech is the correct word

dipo said...

Lmao everybody seem to know what happened....2 businessmen dey fight who gives a Damn?

Anonymous said...

After going over a number of the blog posts on your blog, I honestly like your way of writing a
blog. I saved it to my bookmark website list and will be checking back in the near future.
Please check out my website as well and let me know how you feel.



my web blog: darmowe gry online strategiczne

Recent Posts