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Nigerian Director Wins First Round In Battle For Popular Edmark Direct Marketing Limited

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By Michael Effiong
The minority shareholder and only Nigerian Director of Edmark Direct Marketing Nigeria Limited, Mr Etim Maurice Anthony has won round one of his legal battle with majority shareholder, Low Ban Chai and others.
Hon. Justice C.J. Aneke of the Federal High Court, Lagos had ruled that the interim ex-parte orders obtained by Mr Anthony was lawful and he was not guilty of any misrepresentation of material facts.
That was not all, the court also held that before the ex-parte is vacated the petitioners, that is Edmark Direct Marketing. Low Ban Chai and others would have to provide a satisfactory bank guarantee to be agreed upon by both parties covering Mr Anthony’s 5% shareholding.
This ruling is a big win for Mr Anthony who had rushed to court to seek redress after he was virtually schemed out from the company he set up, nurtured and turned into a money-making machine.

Mr Low Ban Chai: Majority Shareholder of Edmark who is in the eye of the storm

Mr. Anthony had dragged Edmark Direct Marketing Ltd, Low Ban Chai, Edmark Holdings Limited, Wapanio Benvendo and Jorolan Noel Had to court and also obtained an exparte to stop the company’s facilities located along Aromire Street, Ikeja Lagos. This was obtained on May 24, 2022.
The whole saga began on May 18, 2022 when Mr Anthony, the petitioner, filed a legal action  against five respondents, Edmark Direct Marketing Limited, Low Ban Chai, Edmark Holding Limited, Wapanio Bienvenido and Jorolan Noel Had.
He wanted a declaration that the affairs of Edmark Direct Marketing are being carried out by Low Ban Chai, the second respondent in manner that is oppressive, unfairly prejudicial, illegal and breaches his rights as contained in Companies and Allied Matters Act (CAMA) sections 107, 235, 250 and 252.
He averred that his relevant rights such as right to attend meetings and vote, on appointment and removal of secretary, on duty to keep open accounting records and annual accounts were breached.
He also prayed the court to grant an order setting aside the purported appointment of the fourth and fifth respondents (Wapanio Bienvenido and Jorolan Noel Had) as directors of Edmark Directing Marketing and an oder restraining the company and Low Ban Chai or their proxies from further passing any board meeting resolution, an order setting aside the any purported appointment of a company secretary for Edmark, an order setting aside the purported transfer of Edmark Direct marketing shares  to Edmark Holding and the registration of the said transfer of shares.
That was not all, he also wanted an order appointing the audit firm of Deliotte Nigeria to conduct a forensic audit of Edmark Direct Marketing’s account, income, expenditure, bank statements, assets and financials from 2010 till date, and  directing Edmark, Low Ban Chai and others to provide all financial records to the auditors.
He also wanted  an order directing Edmark Directing Marketing and Low Ban Chai to conduct the affairs of the company in a manner that is equitable and just to all shareholders including notifying the petitioner of all board and general meetings and participation in the management and administration of the company as along as he remains a shareholder.
Furthermore, he desires an order directing the first or second respondents to purchase the petitioner’s shares at a market value after valuation of Edmark’s assets and in the event of a deadlock,winding down of the company in a manner that is just and equitable under the law.
In addition, he wanted an order of interim injunction restraining the first respondents, their agents and others from depleting, withdrawing from,  transferring from, charging to, transacting on or dissipating Edmark’s assets pending the hearing and determination of the motion on notice for interlocutory injunction.
And an order of interim injunction restraining the respondent’s banks from disbursing funds from 13 and any other bank accounts linked to Edmark and its affiliates pending the hearing and determination of the suit.
Also an order mandating Edmark’s officers, managers and employers to disclose or provide information about the location of any property, assets or funds acquired with the company funds wether held directly or indirectly including but not related to ED2E Technology Nigeria Limited, Edmark City Development Company Limited, Megwang Resources Limited and any other related company.
He also wanted an order empowering the Receiver/Manager, Seyi Akinwunmi & Co to  preserve all assets of Edmark including  D’Podium Event Centre,Aromire Avenue, Edmark City Project, Lekki and order directing the Inspector-General of Police and his officers to assist the Receiver/Manager to effect the above order and ensure the safety of the assets.
On June 23, 2022, the respondents filed a motion on notice, seeking reliefs such as an order setting aside or discharging the order of interim injunction, or alternatively an order varying or modifying the ex-parte orders and  stay of execution of the order of interim injunction.
Mr Anthony had sworn to an affidavit that he was  consistently excluded in the management and administration of Edmark, that Low Ban Chai had requested him to transfer the sole mandate to the company account for ease of business and he trustingly accepted the proposal, not long after Low Ban Chai started taking unilateral decision and that he was never served notice or invited to general meeting since 2010.
He also averred that Low Ban Chai siphoned funds from Edmark into other ventures without his consent such as Edmark City Development Ltd, AD2E Technologyu Limited, is about to float a Microfinance Bank with a minimum deposit of N2billion and used the platform of Edmark to market a cryptocurrency “Edcoin”,  moved the proceeds of $15million to Megawang Resources Limited  and the funds moved offshore.He also stated that Low Ban Chai also prepares financial reports for governmental agencies without his signature as required by law.
He also revealed how he was offered N50million by Mr Donald Abih and a three bedroom apartment of be forced out by Low Ban Chai and because of his refusal, on May 11, 2022, Low Ban Chai secretly  filed notices before the Corporate Affairs Commission  and made changes to Edmark’s status adding two new directors (Bienvendo and Han) and transfer of 95% of Edmark to Edmark  Holding Limited.
It was based on these alleged wrong doings that he approached the court for an exparte and now the court has affirmed that his request was justified and has sent conditions for the opening of the Edmark’s facilities.

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  1. Pingback: Court Bars Edmark, Distributors From Importing Or Selling Products Except Through Receiver/Manager - TheBoss Newspaper

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Statement on the State of the Nation by Some Concerned Nigerians

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We are a group of concerned Nigerians, alarmed at increasing threats to the Nigerian Nation and desirous of sharing our concerns with fellow citizens.

Our assessment of the state of the Nation reveals that Nigeria stands at a dangerous crossroads where rising insecurity, an alarming level of electoral manipulation by government, and the weakening of democratic institutions are converging into a national crisis that threatens the country’s survival.

Nigeria faces a grave threat to its foundational constitutional principle of the separation of powers. Checks and balances between the branches of government have been imperilled.

The legislative branch has been placed under near total control of the executive branch. The judiciary appears to have lost both its independence and its integrity. There are no checks on the powers of the executive who now govern as they please without accountability or respect for the people’s concerns.

Institutions have been compromised, weakened, and subordinated to the interests of the executive arm of government. This erosion of institutional independence has fuelled public distrust to its highest level in our history creating a crisis of political exclusion and impunity that is pushing violent extremism, organized crime, and communal conflict to a tipping point.

To reverse this trajectory, Nigeria must urgently recommit to democratic accountability, judicial independence, and institutional reforms that strengthen the rule of law. The electoral processes must be transparent, credible, and insulated from executive interference.

The crisis in Nigeria cannot be separated from the broader instability engulfing the Sahel region. The spread of terrorism, arms trafficking, unconstitutional changes of government, and porous borders across countries such as Mali, Burkina Faso, and Niger continue to intensify insecurity in Nigeria and the wider Lake Chad Basin. The collapse of regional cooperation and democratic governance in parts of the Sahel further emboldens armed groups, weakens state authority, and undermines civilian protection across West Africa.

Regional security cooperation between Nigeria and Sahelian states should be revitalized by establishing strong bilateral and multilateral platforms for intelligence sharing, border governance, and community-based peacebuilding initiatives.

Equally important is investing in youth employment, education, social protection, and local conflict resolution mechanisms to address the root causes of radicalization and insecurity.

Recommendations

1. Government should as a matter of urgency recognise that insecurity in the Sahel fuels the Nigerian crisis and that rapprochement between AES (Alliance of Sahel States) and ECOWAS is an important element in Nigeria’s national interest.

2. Government should immediately appoint a high-level Special Envoy for the Sahel to begin the urgent task of rebuilding trust between Nigeria, the AES and ECOWAS while revamping regional mechanisms for peace and security.

3. Civil society organisations should actively sensitize citizens and strengthen public demand for accountability. Nigerians must be bold and courageous in protecting civic rights and resisting the current climate of restricting civic space.

4. We call on the Private Sector as critical stakeholders in the nation-state agenda to continue to support and demand accountability in governance and the promotion of the rule of law as the basic premise of economic progress and nation building. Professional bodies and associations must rise to the challenge of building a broad national consensus to oppose tyranny and ensure maintenance of checks and balances in governance and the protection of the rule of law.

5. We call on our traditional leaders and members of the clergy to rise to the full weight of their moral and civic authority to promote peaceful co-existence, solidarity, and inter-faith dialogue to arrest the current slide to criminality and civil disorder.

6. Given the clear and consistent indications of the lack of neutrality and competence of INEC, professional bodies such as the Nigerian Bar Association, Unions, and other civic groups must set up mechanism of engaging the electoral body to ensure that the 2027 elections are free, fair and credible.

7. The Judiciary must address the perception of its complicity to stall democratic processes. It must remain independent and uphold the rule of law. As a matter of urgency, the Nigerian Bar Association must call its members to order for professional conduct and strengthen its monitoring on the judiciary, it must stay alert and patriotic and ensure political actors play by the rule. The National Judicial Council must set up a framework for holding judges accountable for decisions they take in the context of electoral process.

DATED AT ABUJA, NIGERIA 8th JUNE 2026

1. Dr. Husseini Abdu
2. Amb. Fatima Balla OON
3. Dr. Usman Bugaje
4. Prof. Ibrahim Gambari, CON
5. Dr. Yahaya Hashim
6. Prof. Jibrin Ibrahim
7. Prof. Attahiru Muhammadu Jega OFR
8. Prof. Mohammed Kuna
9. Abubakar Balarabe Mahmoud, SAN, OON
10. Mal Kabiru Yusuf

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Time for National Reconciliation, Re-Orientation and Reconstruction

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By Dele Momodu

The 2027 Presidential election is expected to be a major fight between PRESIDENT BOLA AHMED TINUBU and his biggest challenger, ALHAJI ATIKU ABUBAKAR. It promises to be the battle of the Tians. A third force, hopefully, may show up, like it did in 2023, but not with enough fire power and tenacity to upstage, and obliterate the two elder statesmen.

This is why it has become pertinent, and urgent, for our dear party ADC to change the traditional way of playing politics by becoming a link between the old and modern, conservative and cosmopolitan tendencies, veteran politicians and technocrats in government. There’s no better combination than this duo, assuring of a colorful blend. The North and the South will reunite in a game of ethnic & religious rivalries.

The present combustive tensions, and absolute chaos, cannot be allowed to continue. It will consume all of us.

The time has come to retrace our steps and return to the days of robust ideas, ideologies and inspirational figures. Our founding fathers such as Dr. Nnamdi Azikiwe, The Sardauna Sir Ahmadu Bello, Chief Obafemi Awolowo, and others, tried their best, even if they were not perfect. Today, we’ve completely derailed from the legacies they bequeathed to us. The politics of gansterism has become unbearably malignant in our nation. This is the type of strong bridge we need between the North and the South.

We must act before it is too late…

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How We Rescued Adelabu’s Sister and Her Twin Sons from Kidnappers – Police

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The Nigerian Police Force has announced the rescue of former Minister of Power, Adebayo Adelabu’s sister and her twin sons, who were abducted on June 3, in Ibadan.

A statement signed by the Force Public Relations Officer, DCP Anthony Okon Pkacid revealed ad follows:

The Nigeria Police Force announces the successful rescue of Mrs. Olaide Busayo Adegoke John-Paul and her 12-year-old twin sons, Peter and Paul, who were abducted on June 3, 2026, in Ibadan, Oyo State.

The hostages were rescued during a coordinated operation by the Force Intelligence Department Intelligence Response Team (FID-IRT) in Ibadan at approximately 7:30 p.m. on Saturday, June 6, 2026.

Mrs. Adegoke and her children were abducted while she was driving them to school at about 7:30 a.m. on June 3, 2026. The rescue was achieved through sustained intelligence gathering, surveillance, and tactical operations. These efforts enabled investigators to track the kidnappers’ movements, resulting in a confrontation with FID-IRT operatives.

During the confrontation, two suspected kidnappers were fatally wounded and two rifles were recovered. The victims were rescued unharmed and are now in safe custody, receiving medical care and support.

The Inspector-General of Police commends the courage, professionalism, and effectiveness of the FID-IRT operatives and all officers involved. Their resilience and commitment were instrumental in the safe rescue of the hostages.

Security operatives have intensified efforts in the area to apprehend fleeing members of the kidnapping syndicate. Preliminary intelligence indicates that some suspects escaped with gunshot injuries. Operations are ongoing to track, arrest, and bring all involved to justice.

The Nigeria Police Force appreciates the public’s support, cooperation, and patience during the operation. We remain committed to combating violent crime, protecting lives and property, and ensuring the safety of all citizens.

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