The Supreme Court, in a judgment delivered by a panel including Justices Ogunwumiju, Jauro, Sankey, Ogbuinya, and Umar, ruled on the case of Binez Hotels Limited v. Bureau of Public Enterprises and another. The court held that a valid share sale is incomplete without the execution of the share transfer instrument and the registration of the transferee. The decision clarifies the legal requirements for share transfers in Nigeria.
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