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Ex-Model Helen Prest Has No Shares in First Foundation – Mrs Oluwayemisi Ajayi

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As the legal battle rages on between former Ms. Nigeria, Helen Prest, and Mrs. Oluwayemisi Ajayi, the wife of the deceased medical doctor and businessman, Dr. Ademola Oluwatosin Ajayi, a new twist has been added to the case as Mrs. Oluwayemisi Ajayi has filed an application before the Federal High Court in Lagos, urging the court to set aside the order obtained by Ms. Helen Prest and her daughter, Tomisin Ajayi, granting them leave to institute the pending action and restraining Mrs. Oluwayemisi Ajayi from running First Foundation Medical Engineering Company Limited, the company in which she and her husband are shareholders.

She contended that the order is a nullity on the ground of fundamental irregularity, lack of jurisdiction and denial of fair hearing.

The presiding Judge, Justice Tijjani Ringim, gave the ruling in an application filed by Miss Tomisin Ajayi and Mrs. Helen Prest Ajayi as 1st and 2nd Applicants respectively, through their counsel, Mr. Abiodun Jellili Owonikoko, (SAN).

The 1st to 4th Respondents/Applicants in the suit are First Foundation Medical Engineering Company Ltd, Registrar-General of the Corporate Affairs Commission (CAC); Mrs. Oluwayemisi Ajayi and a lawyer, Mr. Patrick Abak and the 1st, 3rd and 4th Respondents are being represented by Mr. Kunle Adegoke SAN.

First Foundation Medical Engineering Company Limited was owned by the late Dr. Tosin Ajayi in equal shares with her wife, Mrs. Oluwayemisi Ajayi.

However, the Respondents have also filed a counter-affidavit to the originating motion stating their reactions in addition to an application to set aside the order of court granted on 5th August 2021. In an affidavit sworn to by a legal practitioner Afeez Ishola Soliu of Kunle Adegoke & Co., the deponent averred that on the 9th day of September 2021, upon conducting a search of the Court’s file in respect of this suit, to their greatest dismay, they discovered that the matter had come upon two occasions, without service of hearing notice of the proceedings on the respondents, but that ruling had also been delivered in respect of the originating summons by which the Plaintiffs sought orders to restrain the Respondents.

Due to the apparent deliberate suppression of facts and glaring act of bad faith on the part of the Plaintiffs, the court was misled to entertain the proceeding of 2nd of September, 2021 under the belief that the respondents had notice of the said proceedings. No form of hearing notice whatsoever, whether emanating from the court or from the applicants, was served on their counsel or even on the respondents.

The Respondents contended that failure to serve hearing notice is a breach of the fundamental principle of fair hearing and that as at the 7th day of September 2021 when the originating summons dated 23rd July, 2021was heard and determined, the respondents were still within time to respond to the allegations of the Plaintiffs but were denied the right to respond to the said originating summons.

By virtue of the foregoing, the proceeding of the court conducted without the issuance of hearing notice to the respondents are liable to be set aside, the Respondents contended. Consequently, the three respondents comprising; First Foundation Medical Engineering Company Limited, Mrs. Oluwayemisi Ajayi and Mr Patrick Abak are urging the court to set aside the entire proceedings of the court conducted on the 2nd and 7th days of September 2021 for being a nullity on grounds of fundamental irregularity, lack of jurisdiction and denial of fair hearing. They also sought an order compelling the plaintiffs, Mrs. Hellen Prest Ajayi and her daughter Miss Tomisin Ajayi to effect payment, to the three respondents in respect of the undertaking made pursuant to which the plaintiff’s interlocutory prayers were granted by the court, the said order being liable to be set aside.

In a counter-affidavit sworn to by Mrs. Oluwayemisi Ajayi against the originating motion which is the substantive suit, Mrs. Ajayi stated that she was aware that Miss Tomisin presents herself as the love child of an adulterous relationship between her deceased husband, Dr. Tosin Ajayi and his adulteress, Mrs. Helen Prest. According to Mrs. Ajayi, although she is not in a position to confirm if Tomisin Ajayi is a child of her deceased husband as her deceased husband never introduced her or to any other member of the family, since her husband’s passing, she and her children have, in good faith, decided not to dispute the paternity of Tomisin but decided to accept her as one of the beneficiaries of the estate of her deceased husband together with her children.

Mrs. Ajayi averred further that, at the time of the incorporation, the name of the company was First Foundation Medical Company Limited on 6th June,1980 before it was changed to First Medical Engineering Company Limited in April, 2002. And that since the incorporation of the company, she has always been a shareholder and Director of the company and holds 50% of the shares of the company. She said that at no time did her deceased husband and her terminate their marriage as their marriage was always extant and never dissolved till he died.

She admitted that Helen was her deceased husband’s concubine but never a shareholder of their company First Foundation Medical Engineering Company Limited, but a mere meddlesome interloper with no legally cognizable relationship with the company, therefore she had no reason whatsoever to act prejudicially or oppressively to the plaintiffs who as a matter of fact are strangers to the company. She contended further that the Plaintiffs have no right to institute the action as they are not shareholders of the company. To demonstrate her good faith, she deposed in her affidavit that she caused her lawyers to write to Tomisin Ajayi to join in her children’s application to obtain Letters of Administration for their deceased father but Tomisin replied through her lawyer that she did not want to have anything to do with her and her children.

She contended that the plaintiffs are on a mission rooted in corporate robbery sought to be carried out in the garment of the law and that the instant suit, together with the application for an injunction, is frivolous, vexatious and without any basis. Consequently, in the interest of justice, she contended that the reliefs sought by Helen Prest in the originating motion for 50% of her husband’s estate, should be refused.

The matter has not been given a new date.

 

 

 

 

Culled from Vanguard Online

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Herbert Wigwe, Emefiele honoured with Juris Law Award for outstanding contributions in finance sector

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The Chairman, Body of Bank CEOs and Group Managing Director of Access Bank PLC, Herbert Wigwe, has been recognised for his outstanding contributions to Corporate Governance and Rule of Law in Nigeria’s Banking Industry. Wigwe was presented the Juris Law Award by Chief Justice of Nigeria, Ibrahim Tanko Muhammad at the 2021 Judges Workshop on Banks and Other Financial Institutions Act (BOFIA) 2020 which held on Tuesday, 12 October 2021 in Abuja.

 

Also honoured with an award was the Governor, Central Bank of Nigeria (CBN), Godwin Emefiele. The Juris Law Award is presented in honour of leaders who are taking significant steps towards promoting economic growth in Nigeria through deepening institutions, corporate governance and Rule of Law.

 

Accepting the award, Wigwe stated that he was honoured to receive the award, adding that “through innovative banking initiatives and our underlying sustainability drive, Access Bank will continue to create shared value for all our stakeholders, striking a balance between competitive advantage and corporate social responsibility.”

 

Wigwe and Emefiele have partnered in the creation of several positive socio-economic initiatives such as the Creative Industries and Financing Initiative; a loan scheme developed to provide access to long-term and low-interest financing for entrepreneurs in Nigeria. In addition, Wigwe, Emefiele and Aliko Dangote were key parties in the formation of the Coalition Against COVID-19 (CACOVID) – a vehicle created to spearhead corporate Nigeria’s support for the federal government’s fight against the deadly virus. The successful coalition funded the establishment of response centres,  acquisition of medical equipment, supplies and food palliatives for vulnerable Nigerians.

 

The 2021 Judges Workshop on Banks and Other Financial Institutions Act (BOFIA) 2020 focused on reforms and the statutory requirements imposed by CBN on all banks and other financial institutions in Nigeria to adopt policies on anti-money laundering and combating the financing of terrorism and cyber security in Nigeria.

 

Also in attendance of the workshop were the Attorney General of the Federation and Minister of Justice (AGF); Abubakar Malami (SAN); the Appeal Court President, Justice Monica Dongban-Mensen; the Chief Judge of the Federal High Court, Justice John Tsoho; the Former Chief Justice of Nigeria and former Chairman, Board of Governors, National Judicial Institute, Hon. Justice Mahmud Mohammed and other high-ranking judicial officers and the legal community.

 

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Iyalaje Toyin Kolade Promotes Yoruba And African Culture

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Princess Dr. Toyin Kolade is a woman with a large heart. She has in the cause of her service to humanity helped to alleviate the poverty levels of Nigerians. First, as a successful businesswoman who toiled so hard to be where she is today, Princess Kolade remembered vividly the lowest ebb she was before being blessed immensely by the Almighty God to be at the highest pedestal of the Nigerian business sector. She is into the general importation of goods that involve household materials, electronics, super-quality furnitures which are very potent to the livelihood of Nigerians through her company, Fislolak Global Ventures.

Recently installed as the Iyalaje Oodua by His Imperial Majesty Adeyeye Enitan Ogunwusi, the Ojaja II Ooni, Princess Dr. Toyin Kolade has greatly proven her mettle in the delivery of humanitarianism and this is because during the Covid-19 challenge of 2019 to 2020, she was physically there for the people, giving them free palliatives worth millions of naira.

This hardworking and sultry woman has also played a huge role in promoting both the Nigerian and African culture through her involvement in the internationalization of the country’s culture. Iyalaje Oodua is also involved in the world-class celebration of the AJE FESTIVAL and the OLOJO FESTIVAL in Ile-Ife not leaving out all the cultural festivals that are in Ijesha Land. She is highly recognized and honoured by both the Ooni of Ife and the Owa Obokun of Ijeshaland whom she respect as her fathers.

Iyalaje Oodua, Princess Toyin Kolade is immensely blessed with lovely children who are all doing well in their individual careers because her husband Prince Kayode Kolade is a top Custom Officer whose roles and contributions to the curbing of border crimes are intact.
For those who are very close to Princess Toyin Kolade, the Iyalaje of Oodua Worldwide, she is a very nice and caring mother to all who come across her and she is a dedicated Nigerian to the core.

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Meet Abiodun Odukoya, The Cosmopolitan Fashion Designer Making Waves

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Top fashion entrepreneur and boss of AB Rollings Clothiers, Abiodun Odukoya, is a man full of pragmatic ideas and beautiful dreams. At the dawn of his career as a fashion designer, one of his dreams is to rule the world of fashion and also inspire budding clothiers. By Providence,  the high-flying man is can be said to be living his dream, as he has spread his tentacles far and beyond.  

Popularly known as “Father” is a Fashion Entrepreneur, even though some affectionately dub him a fashion designer cum aficionado. His interest in fashion is legendary and he has pursued this with zealot commitment for over two decades. He first opened A.B. One Stores on Adelabu Street, in Surulere, Lagos many years ago to cater for the needs of impressionable upwardly mobile young men and women in Lagos at the time.
His entrepreneurial spirit has also been evident in diverse fields. For example, he founded the first local community newspaper, “Surulere Chronicle”, Lagos. He was a pioneer agent at the advent of GSM in Nigeria and he has retained interest in security doors and vaults.

It was gathered that it was fanfare! Maybe more like funfair when Obi Cubana, the acclaimed King of the finer things of life stopped by at the A.B. Rollings Clothiers store, on Edgware Road, in London, to buy some exclusive clothes and ordered for some personalized bespoke outfits.

The quiet but fashion-savvy designer was on hand to personally attend to Chief Obi’s high-end needs.
As the fashion entrepreneur bid Obi Cubana farewell at his London stores, he could not but appreciate that Obi Cubana, one of Africa’s finest sought out and found AB Rollings in London.
It is noteworthy that Obi Cubana has a Nigerian as his personal clothier/designer which invariably means he patronizes local content although in faraway London.
AB Rolling Clothiers also have on the clientele base noteworthy Nigerians especially entertainers and businessmen who like their attires customized.

It was gathered that the Ogun State in all his dealings, comes across as a perfectionist.  Also, in the eyes of many, he is a restless soul, who is always in quest of knowledge to make him stand out in his chosen profession. It was disclosed that he recently opened his new fashion shops in Paris, known as home of fashion as well as well as Istanbul in  Turkey.

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