CASE TITLE: JOHN & ORS v. AKHUAMHENKHUN & ORS (2021) LPELR-54138(CA)
JUDGMENT DATE: 5TH MAY, 2021
PRACTICE AREA: WILLS AND PROBATE.
LEAD JUDGMENT: ABIMBOLA OSARUGUE OBASEKI – ADEJUMO, J.C.A.
SUMMARY OF JUDGMENT:
INTRODUCTION
This appeal borders on Wills and Probate.
FACTS
This is an appeal against the judgment of the Edo State High Court, Benin Judicial Division delivered by ERAMEH, J. on 30th May, 2014 in Suit No. B/355/OS/2011, wherein the lower Court entered judgment in favour of the Claimants (Respondents).
A summary of the facts is that; by the last Will and Testament of Chief Matthew Danladi John dated 18th October, 2005; particularly paragraph 15 of the said Will vest powers and duties on the Respondents who are appointed Executors/Trustees in the Will to manage the properties at Nos. 5, 5A and 7, Liberty Road, GRA, Benin City housing and the corporate seat of KOSO INTERNATIONAL HOTEL.
The Appellants are shareholders and directors respectively of Kurat Ventures Limited of which Koso International Hotel is said to be a division; the 4th Respondent is also a beneficiary, shareholder and director of Kurat Ventures Ltd.
After the Will was admitted to probate, the Appellants refused the Respondents as Executors/Trustees of the said Will from taking control of the management of the said properties and Koso International Hotel therein to the chagrin of the Respondents on the ground that it was part of the Kurat Ventures Ltd and they had no power to control same hence this action was instituted at the High Court.
After hearing the case, the lower Court entered judgment in favour of the Respondents.
Dissatisfied with the judgment, the Appellants appealed to the Court of Appeal.
ISSUES FOR DETERMINATION
The Court determined the appeal on a sole issue:
Whether a business duly registered under the Companies and Allied Matters Act, 2004 can form part of a testator’s estate to be managed and/or administered by the Executors/Trustees of the testator who are not themselves directors of the company?
DECISION/HELD
In the final analysis, the appeal was unanimously dismissed.
RATIOS:
Hon. Justice Sinmisola Adeniyi of the Abuja Judicial Division of the National Industrial Court has…
By Ebun-Olu Adegboruwa, SAN The main responsibility of the court is to interpret the law…
ByAmb. Hameed Ajibola Jimoh, Esq. FIGPCM, CGARB. (CERTIFIED GLOBAL PEACE AND CONFLICT RESOLUTION AND MANAGEMENT…
CASE TITLE: ORIENTAL ENERGY RESOURCES LTD v. NICON INSURANCE PLC (2024) LPELR-61988(CA) JUDGMENT DATE: 25TH…
The body of law for copyright protection in Nigeria is the Copyright Act 2022 and judicial decisions…
What is the Meaning of Indefinite Suspension? Suspension is the placement of an employee in…