An FCT High Court presided over by Justice M.Ö. Olajuwon has declared the sack of a former Managing Director (MD) of the AMAC Investment and Property Development Company (IPDC) as unlawful, null and void.
In a judgment delivered by Justice Olajuwon on January 16, 2023, between Hon Yakubu Adamu and the immediate past Chairman of AMAC, Hon Abdullahi Adamu Candido and AMAC-IPDC, the court declared that they could not lawfully remove Yakubu Adamu as Director of AMAC-IPDC.
Justice Olajuwon held that, “A declaration that the decisions taken at AMAC-IPDC Board of Directors meeting held on August 31, 2021, revoking the appointment of Adamu as the managing director/chief executive officer of AMAC-IPDC is null and void and of no legal consequence.
“A declaration that any purported implementation of the outcome of the AMAC-IPDC board meeting of August 31, 2021, including the constitution of a caretaker/interim management or otherwise by whatever name or appellation called to manage the affairs of the AMAC-IPDC is unlawful, null and void.”
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The court also gave an order of injunction restraining the former chairman and AMAC-IPDC from giving effect or continuing to give effect to any of the decisions taken at the board meeting of AMAC-IPDC held on August 31, 2021, which was also declared a nullity.
Hon Adamu, who commended the judgment, expressed gratitude to Justice Olajuwon for being fair in giving justice to the case, saying that his share of the company as a shareholder had been restored by the court.
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