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Court Bars Edmark, Distributors From Importing Or Selling Products Except Through Receiver/Manager

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The battle between shareholders of top multi-level marketing company, Edmark Direct Marketing Limited has hit a new twist as a Federal High Court sitting in Lagos has issued a further interim order reaffirming the appointment of a Receiver/Manager and that the company, its distributors or any other person cannot import or sell Edmark-branded products except through the Receiver/Manager, Mr. Seyi Akinwunmi.

 

In addition, the court ordered the Nigerian Customs Services and the Nigerian Police to assist the Receiver/Manager in prohibiting the directors of Edmark Direct Marketing Ltd (and their agents) from circumventing the Receiver/Manager in importing, marketing, selling and/or distributing the Edmark products.

In the Suit No: FHC/L/CP/890/2022 between Etim Maurice Anthony (Nigerian Shareholder) and Low Ban Chai (foreign shareholder), Edmark Direct Marketing, Edmark Direct Holding Limited, Wapiano Bienviendo and Jorolan Noel Noa before Justice  C.J. Aneke, the court’s orders gives further effect and assistance to the earlier interim order and appointment of Receiver/Manager made on May 24, 2022.

According to the registrar’s notice of consequence of disobedience sighted by our correspondent, the court made a further interim order empowering the Receiver/Manager, Mr. Seyi Akinwunmi, a Legal and Insolvency Practitioner of Akinwunmi & Busari, to take into custody certain funds which Mr. Maurice Etim was entitled to in the hands of the third parties, pending the hearing and determination of the motion on notice.

Furthermore, it directed all banks to attach the accounts of two Edmark officials/ employees:  Batusin Rey Cudeira (Head of Treasury)  and Abubakar Abass ( Branch in-Charge) for receiving  cash sales in circumvention of the court appointed Receiver/Manager.

The court also made an interim order directing all banks to attach the bank accounts of Edmark City Development Limited, ED2E Technology Nigeria Limited and Megawong Nigeria Limited and within seven days of being served the order, the banks should file an affidavit disclosing the statement of all accounts linked to the persons and entities earlier mentioned  from June 23, 2022 to date and serve same on the parties (through their counsel and to the receiver/manager.

That was not all, the court also mandated the persons and entities mentioned: Batusin Rey Cudeira , Abubakar Abass Edmark City Development Limited, ED2E Technology Nigeria Limited and Megawong Nigeria Limited within 7 days of service of the order to immediately give full account of Edmark’s monies received from June 23, 2022 to date. https://thebossnewspapers.com/2022/10/15/nigerian-director-wins-first-round-in-battle-for-popular-edmark-direct-marketing-limited/

This latest order is good news for the Nigerian minority shareholder, Mr. Etim who had dragged the Foreign majority shareholder, Mr Low Ban Chai to court for arranging a forgery of his signature to appoint more directors in effort to edge the Nigerian out of the company, amongst other actions of oppressive, unfair and prejudicial breached against the Nigerian minority.

He also averred that his relevant rights such as right to attend meetings and vote, appointment and removal of company secretary, access to accounting records were breached.

In addition to prayers such as appointment of a Receiver/Manager, he wanted the court to appoint Deloitte Nigeria so it can conduct a forensic audit of Edmark and its affiliate company. The suit has been adjourned to November, 14, 2022 for further hearing.

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‘Osun is Proud of You’, Gov Adeleke Hails Davido at 32

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Osun State Governor, Senator Ademola Adeleke has congratulated his nephew and global music icon, David Adeleke, popularly known as Davido on the occasion of his birthday, describing him as a superstar Osun State is proud of.

In a statement by his Spokesperson Mallam Olawale Rasheed, the Governor added that Davido’s consistency, energy and passion is evident in the result he has recorded not only in his music career but also in his life as a person.

Governor Adeleke furthered prayed for progress, more success and achievement for him while commending his continuous outreach to the orphanages and less privileged stating that it is a noble act every blessed hand in Nigeria must emulate.

He said, ” I want to rejoice with my nephew, David Adeleke Davido, on the occasion of his 32nd birthday, I am very happy we are all alive to witness it.

“Davido is a global super star that Osun state is very proud of. The consistency, energy and passion he has inserted into building his music career is evident in the result he has recorded not only in his career but also in his life as a person.

“I pray for him for progress, more success and achievement in long life, prosperity, sound health and mind.

“I equally want to commend his continuous outreach to the orphanages and less privileged. I must say that this is a noble act every blessed hand in Nigeria must emulate.

“Once again Happy Birthday to Davido”.

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Glo Festival of Joy Promo: Security Trust Boss Wins Toyota Prado in Warri

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Warri was agog with excitement on Thursday as the Board Chairman of Delta State Security Trust Fund, Mr. Daniel Mayuku, became the first winner of the much coveted Toyota Prado in Globacom’s Festival of Joy promotion.

Mr Mayuku was presented the keys to the prized asset at a ceremony held by the company on Thursday, November 21, at Gloworld, Delta Mall, Warri, by the Speaker of the Delta State House of Assembly, Hon. Emomotimi Guwor, and the Chairman of Uvwie Local Government Area, Chief Anthony Ofoni. Friends, admirers and other Glo subscribers joined in the celebration which turned into a carnival in the city with electrifying performances by Ema Dance Troupe.

An overjoyed Mayuku declared: “When I received the first call that I won a Prado in Glo Festival of Joy promo, I believed it was a scam and I immediately told the caller not to call me again. However, after few minutes, I started receiving calls from friends and I decided to call my friends in Glo and they confirmed it. I was in disbelief; I thought it was a scam. I jokingly asked for the car immediately and I was told to come to Glo office for verification and today the jeep has just been presented to me. Globacom is truly Nigerian, a network that delights its subscribers every year. They are still the best.

Other lucky winners also went home with tricycles (Keke), power generating sets, sewing machines and grinding machines. Ovueve Efejiro, a native of Ughelli, who won  Keke, said, ”I just won Keke through Festival of Joy promo, I am very grateful to Glo. This Keke will help my family. My brother will use it for commercial purpose immediately”, while a generator winner Felix Gabriel thanked Globacom for always remembering Nigerians every year in its annual promos.

Speaking at the presentation, Speaker of Delta State House of Assembly Hon. Emomotimi Guwor who was the special guest, said “Globacom is a network that is known for giving. Over the years, many Nigerians have been empowered by Glo. The people of my constituency in Warri South West and entire Delta people are grateful to Glo. We will continue to use Glo and I also want to be part of the winners one day soon. So, I will ensure that my line is always on and ready. Kudos to Glo and our own Dr. Mike Adenuga. Please keep on empowering Nigerians.

Similarly, the Head of licensing and operation, National Lottery Regulatory Commission, Delta State office, Mrs Anwuli Efejuku, commended Globacom for the transparent nature of the promo. She said, “We witnessed the raffle draw few days ago here in Warri where it was conducted in the presence of everyone and today the winners that emerged have been presented their prizes. Congratulations to all the winners.

To participate in the Festival of Joy promo, new and existing subscribers should dial *611# to opt into the promo and to keep recharging. He added that new subscribers can participate immediately by purchasing a new SIM, registering it and dialing *611#.

“Customers are required to recharge up to N100, 000 cumulatively during the promo period to qualify for the draw for the Prado Jeep, N50, 000 cumulative recharge for Kia Picanto, N10, 000 in a month for tricycle and N5, 000 total recharge in a month to win a generator. For the sewing machine, a total recharge of N2, 500 in a month is required, while for grinding machine, a recharge of N500 in a day will be eligible for the draw. New subscribers can participate immediately by purchasing a new SIM, registering it and dialing *611#, Globacom explained.

Guests at the event included representative of  Urhobo community in Delta State Oil Producing Areas Development Commission  (DESOPADEC) Hon. Karo  Goru Jonathan; Chairman Uvwie Local Government Area, Delta State, Chief Anthony Ofoni; representative of National Lottery Regulatory Commission, Delta State office, Mrs Anwuli Efejuku;  representatives of the Ovie of Uvwie Kingdom, Chief Okieneni  and Chief Emmanuel Eyela;  President of  of Igbudu Market Association, Warri,  Chief Rume Kugberu and Nollywood actors, Ese Eriata and comedians Gordons and M.C. Forever.

The next prize-presentation exercise comes up in Lagos, where another set of Nigerians will go home with different prizes including another brand new Toyota Prado, Kia Picanto car, Keke  and others.

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Ozekhome Hails Goodluck Jonathan on 67th Birthday

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Leading human rights activist and constitutional lawyer, Prof Mike Ozekhome, has celebrated former President Goodluck Jonathan as he turns 67 today.

In a heroic-worded eulogy, the renowned author, who recently launched 50 books at once, praised the former president for his gigantic strides during his tenure, and for putting the nation above his personal interest in the aftermath of the 2015 general election.

Below is Ozekhome’s full statement:

HAPPY BIRTHDAY TO MY DEAR BROTHER AND GOOD FRIEND,DR GOODLUCK EBELE JONATHAN, GCFR

BY PROF MIKE OZEKHOME, SAN, CON, OFR.

GEJ, you are a true democrat in the truest sense of the word.More than 8 years after you left office, many Nigerians are still yearning for your kind of humane and purposeful leadership that shunned discrimination, tribalism, sectionalism, prebendalism and cronyism.

Nigeria surely prospered under you, overtaking South Africa as the biggest rebased economy in Africa and one of the fastest growing economies in the world. For the common man,life was good. You certainly made your mistakes, like us all humans and mortals. But your gargantuan pluses far outweigh your few minuses. God has indeed been very kind to you, raising you from a bootstrap state of nadir to the zenith of power as president of the biggest democracy in the black world. But you never allowed power to intoxicate or overwhelm you as an aphrodisiac.

You showed uncommon humility and selfless leadership- a servant leader. As a living icon phenomenon, you have exemplified the quintessence of the highest virtues and nobility of a good man. At a time Nigeria was on the precipice of collapsing under a looming electoral inferno in 2015, you placed the national interest above your personal interest by conceding defeat to then candidate Muhammadu Buhari, even when votes were still being counted. Your immortal words before that historic occasion to the effect that “My ambition is not worth the blood of any Nigerian” easily placed you in the pantheon of rare heroes. The words rekindled the genre of Abraham Lincoln’s imperishable words during his 18th November, 1863 Gettysburg declaration, that “Democracy is government of the people, for the people and by the people”. Your continuous shuttle diplomacy across the world with which you illuminate dark electoral crevices has proven you to be a world leader of respected pedigree.

Through you, Nigeria exports Democracy.

Happy birthday to an iconic and uncommon democrat.

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