The Federal High Court in Lagos nullified an alleged 2014 takeover of Oyetubo Jokotade Estate Resources Ltd through disputed corporate filings. Justice Deinde Dipeolu invalidated a purported December 5, 2014 meeting where individuals not shareholders or directors allotted shares to themselves and removed the company's secretary. The court ordered the Corporate Affairs Commission to expunge the records. The decision highlights concerns over the vulnerability of Nigeria's corporate registration system to unauthorized changes.
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