Justice Muhammed Yunusa of the Federal High Court in Lagos has upheld the extraordinary general meeting (EGM) convened by three shareholders – Alurum Investments Limited, Dadifoll Limited and RFC Limited – where the Chairman of Ikeja Hotels Plc, Mr. Goodie Ibru was sacked last week.
The judge’s order was sequel to an application filed by the three shareholders against Ikeja Hotels, IHL Services Limited and Union Registrar Limited to validate the resolution of the shareholders.
Worried by the dwindling fortunes of Ikeja Hotels and determined to rescue the company from going under, Alurum Investments Limited, Dadifoll Limited and RFC Limited had convened an EGM where they removed its chairman, Ibru.
The meeting was held in front of the Sheraton Hotel and Towers in Lagos, a subsidiary of Ikeja Hotels, when they were prevented from gaining access into the hotel.
But responding to the development at the weekend, Ibru had insisted that he remained the chairman of the board of the directors of the company, declaring the EGM null and void.