Court directs peace talks as directors demand return of shares


By Taiye Agbaje

A Federal High Court in Abuja on Monday directed two aggrieved directors of Green Energy International Limited and its Chairman, Prof. Anthony Adegbulugbe, to explore out-of-court settlement on the matter brought before it.

Justice Bolaji Olajuwon gave the directive shortly after the resumed hearing on the matter.

The directive came as the directors demanded that the shares alleged to have been illegally allotted to Adegbulugbe, Olusegun Ilori, Glorybright Investment Limited and Grand Energy Limited be offered to the original shareholders.

The News Agency of Nigeria (NAN) reports that the directors, Dr Bunu Alibe and Mr Ayodele Olojede, have locked horns in a legal battle with Adegbulugbe over the ownership of the oil and gas company.

NAN reports that while Alibe and Olojede are the petitioners in the suit marked FHC/ABJ/CS/1390/2020, Green Energy International Limited is the respondent.

When the matter was called, counsel to the respondent, Bembella…

Source: News Agency of Nigeria