Shareholders Fight Okocha Over Sports Company

 Source: PmNewsNigeria.



A Federal High Court sitting in Lagos has fixed 18 September to decide either to relist or not Jay-Jay Okocha Group West Africa Limited in a petition filed against the former captain of the Super Eagles, Okocha Austin Azuka a.k.a Jay-Jay Okocha and his wife Nkechi Okocha.

Also joined as co-defendant is a limited liability company; Jay-Jay Okocha Group West Africa Limited, jointly formed by the former footballer and six other shareholders namely; Friday Nwankero-Kuja, Ijeoma Kuja, Nwankwo-Kuja, James Chinedu, Nwankwo Kuja Daniel Chukwudi, Nwankwo Kuja Mary Chioma.

Two other companies Africa Shelter Sports Consultant Limited, Friday Nwankwo and Sons Limited are also petitioners in the impending legal hostility.

In an affidavit sworn to by a Director and shareholder of Jay-Jay Okocha Group West Africa Limited, Friday Nwankwo Kuja, and filed before the Court by a Lagos Lawyer, Barrister Caleb Rotimi Oyekola, the petitioners who claimed to be shareholders of the company which was incorporated to arrange, organise, finance and present sporting events, alleged that Okocha and his wife, Nkechi, who are the Chairman and Managing Directors of the company respectively are conducting the affairs of the company in an illegal and oppressive manner.

Mr. Kuja alleged further that at the formative stage of the company located at 46, Saka Tinubu Street, Victoria Island, he expended a total sum of N63m, while he was performing his duties as the Executive Director in the affairs of the company diligently and productively. He said he and other shareholders have now been sidelined.