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Odeyemi Floors Alao, BBT As Court Restores 22 Years Denied Shares, Dividends

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By Eric Elezuo

Respite finally came the way of a British-Nigerian, who is also an Information Technology Architect based in the United Kingdom, Mr. Samuel Bode Odeyemi, when the courts gave him victory against Blueprint Business Technologies (BBT), a Lagos based IT company, and its owner, Mr Saheed Alao, in a long-drawn case of indebtedness, and refusal to pay.

As all attempts to reach a consensus fell short and proved unsuccessful, legal representatives from Gaffar & Gaffar were engaged, and numerous correspondences were made to him, but they were consistently ignored. Even at that, the legal team and the claimant continued to express their willingness to engage in mediation to settle the matter amicably, but all unfortunately, were rebuffed.

Saheed Alao

The matter, which was brought to court through an originating summon, dated and filed 29/6/2022, where Odeyemi, as the claimant, commenced his suit against Alao and BBT as the defendants, seeking interpretation of the relevant provisions of the Companies and Allied Matters Act, took its root in 2001, and by omissions and deliberate distortions of law and order, lingered till October 13, 2023 when legal process brought everything to favorable conclusion.

Delivering the landmark judgment in the Federal High Court, sitting in Lagos, the presiding judge, Justice Akintayo Aluko, noted that the contention of the claimant is that the 2nd Defendant in his capacity as the Managing Director of the 1st Defendant converted the sum of £20,000 and £19,000, he invested in the 1st Defendant into 210,000 and 199,500 shares in the 1st Defendant in 2003 and 2004. The claimant relied on exhibits A, A1, A2, A3, A4, A6 and A7 to substantiate his claims.

The judge also ruled that the claim of the claimant (Bode Odeyemi) that he invested £39,000 in the 1st defendant’s company (BBT) which entitled him to ownership of 406, 500 seem unassailable, and can be said to have been sufficiently proved by credible evidence.

While the Defendants, BBT and Alao, could not successfully controvert the evidence of the claimant, Odeyemi, they were only able to corroborate and substantially admit to the evidences provided.

The judge, therefore, agreed with the claimant that the claims as endorsed in the originating summons fall into the category of actions that can be said to have arisen from the Companies and Allied Matters Act or any other enactment replacing the Act or regulating the operations of companies incorporated under CAMA…

Aluko thereafter awarded N5 million in general damages in favour of Odeyemi to be paid by the duo of Alao and BBT as defendants, in addition to the cost of action in the sum of N200,000 also awarded to Odeyemi.

Odeyemi was also granted the privilege of gaining interest on judgment sum at the rate of 10% to be paid by the Defendants until final liquidation.

With the October 13 victory in court for Odeyemi, it is believed that a foreclosure has been achieved, and all parties are therefore, expected to give undiluted respect to the rule of law.

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ADC: Momodu Questions INEC’s Neutrality, Warns Against Selective Justice

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A chieftain of the African Democratic Congress (ADC), Basorun Dele Momodu, has raised fresh concerns over the neutrality of the Independent National Electoral Commission (INEC), warning that its handling of internal party disputes could undermine public confidence in Nigeria’s democracy.

He made the remarks on Thursday, during an exclusive interview on Frontline, a current affairs programme on Eagle 102.5 FM, Ilese-Ijebu, Ogun State.

The discussion centred on the recently concluded ADC convention and INEC’s position on factional leadership within the party. Momodu argued that electoral institutions must be careful not to be seen as politically biased.

The Media mogul maintained that the ADC’s decision to proceed with its convention was not an act of defiance but of constitutional and organisational survival.

According to him, political parties have the right to manage their internal affairs without undue interference.

He stressed that INEC’s primary responsibility is to act as an impartial referee in elections rather than become involved in internal party conflicts. He warned that any perception of bias could weaken trust in democratic institutions.

“Well, it is not really the business of INEC to intervene and interfere in the affairs of a party. Their role is to be the unbiased umpire, conduct elections and make sure that the elections are fair and square.

“But this INEC, this particular INEC, has started very early to show signs that we may not be able to trust them”

Momodu expressed concern that opposition parties are often subjected to faster and stricter scrutiny compared to ruling parties.

He suggested that this perceived imbalance could deepen political tension in the country. He also cautioned that democratic institutions must not only act fairly but must also be seen to act fairly. For him, perception is as important as legality in sustaining public confidence.

“Because of the hurry with which they deal a blow to opposition parties, I don’t see them doing that to APC. The speed at which they aligned quickly with the weaker faction of, you know, PDP was clear to me that we will be heading for the rocks again, as we have done in the past.

“I remember Amupitan when he was appointed; he pledged to be one of the best. But from what I’m seeing, his name is already being rubbished in the mud, which is unfortunate for a man at that commanding height of his life.

Culled from Daily Telegraph

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Man Rescued Amid Attempt to Jump into Lagos Lagoon

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A man whose identity had not been established at the time of filing this report was rescued after reportedly attempting to jump into the Lagos Lagoon from a bridge.

Eyewitnesses said the individual parked his vehicle on the bridge before entering the water, prompting alarm among passersby.

The situation was, however, swiftly brought under control as local fishermen in the area intervened and pulled him out of the lagoon, preventing what could have resulted in a fatal outcome.

A video capturing the rescue surfaced on social media on Wednesday, shared by Isaac Fayose, who expressed concern over the incident and called on Nigerians to pay closer attention to the well-being of those around them.

“Please, check on your family and friends. This just happened today. Who knows what went wrong,” he wrote.

As of the time of this report, the circumstances leading to the incident remain unclear, while authorities have yet to provide an official account.

The Lagos State Police Command had also not issued any confirmation of the incident.

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Dele Momodu Proposes Atiku/Obi Ticket As ‘Best Bet’ to Unseat Tinubu in 2027

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Veteran journalist and chieftain of the African Democratic Congress (ADC), Chief Dele Momodu, has declared that a joint presidential ticket between Atiku Abubakar and Peter Obi represents the strongest strategy for the opposition to defeat the ruling All Progressives Congress in the 2027 general elections.

Speaking on Politics Today on Channels Television, Momodu said the emerging ADC coalition is gaining momentum as a credible alternative to President Bola Tinubu’s administration, which he accused of promoting “one-man rule” and weakening democratic institutions.

Momodu argued that an Atiku–Obi ticket offers both experience and electoral appeal, noting that both politicians already command significant national followings from previous elections. He recalled their collaboration in 2019, adding that Obi’s performance in the 2023 presidential election provides a ready base of supporters that can be consolidated.

According to him, the coalition is further strengthened by the involvement of political heavyweights such as Rabiu Kwankwaso and Rotimi Amaechi, making it a formidable opposition alliance.

“The candidates who placed second, third, and even fourth are aligning. That naturally builds a strong challenge,” Momodu said, suggesting that this development could unsettle the APC ahead of 2027.

He also accused the Tinubu administration of centralising power and undermining democratic processes, claiming that key institutions—including the legislature and electoral system—are increasingly influenced by the executive arm of government. He warned that such a trend poses risks to Nigeria’s democracy.

Momodu further alleged that opposition parties face systemic obstacles, including difficulties in accessing venues, legal pressures, and institutional interference. He argued that these challenges have made opposition unity not just strategic, but necessary.

Dismissing concerns about possible cracks within the ADC coalition, Momodu described such fears as speculative, insisting that current political realities have effectively forced major opposition figures to work together.

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