Whether A Receiver/Manager Can Maintain an Action in His Personal Name

CASE TITLE: OLOPADE & ANOR v. AKINDE-PETERS (2023) LPELR-60969 (CA)
JUDGMENT DATE: 30TH JUNE, 2023
PRACTICE AREA: COMPANY LAW
LEAD JUDGMENT: JOSEPH SHAGBAOR IKYEGH, J.C.A.

SUMMARY OF JUDGMENT:

INTRODUCTION:

This appeal borders on the locus standi of a receiver/manager to bring an action in his own name.

FACTS:

The appeal emanated from a decision of the Federal High Court sitting in Lagos (the lower Court) whereby it dismissed the preliminary objection that the respondent had the locus standi as the Receiver/Manager of Metal Africa Steel Products Ltd. to institute the action in his own personal name and that the suit disclosed a reasonable cause of action.

In outline, the respondent sued the two appellants in his own name as an appointed Receiver/Manager of Metal African Steel Products Ltd. (the company) on an originating summons for a declaration that he has the sole right to take over and control all the assets of the company without interference, obstruction, or hindrance, having been appointed as Receiver/Manager over the assets of the company.

The Court overruled the preliminary objection and held that the respondent had the right to sue in his own name and that the suit disclosed a reasonable cause of action, upon which it dismissed the preliminary objection.

Dissatisfied with the decision of the trial Court, the appellants appealed to the Court of Appeal.

ISSUE(S):
The appeal was determined on merit.

DECISION/HELD:
On the whole, the Court of Appeal allowed the appeal. Consequent upon this, the Court struck out the Respondent’s suit before the trial Court.

RATIO(S):
COMPANY LAW – RECEIVER/MANAGER – Status of a company in receivership; whether a Receiver/Manager can maintain an action in his personal name
ACTION – LOCUS STANDI – What the Court considers in determining whether a plaintiff has locus standi

To read the full judgment or similar judgments, subscribe to Prime or Primsol

lawpavilion

Recent Posts

LawPavilion AI Gains the Spotlight at NBA Conference as the Game-Changing AI for Nigerian Lawyers

“No General ever goes to war without a capable and well-equipped army. Likewise, no lawyer…

4 days ago

The Lagos State Tenancy and Recovery of Premises Bill 2025: Key Recommendations and Observations

By Olajide Abiodun, Esq. The Lagos State House of Assembly is currently considering the Tenancy…

1 week ago

Digital Borders: Evaluating Nigeria’s Transition to a Fully Automated Immigration System -By O. M. Atoyebi, SAN FCIArb. (U.K)

Oyetola Muyiwa Atoyebi SAN, FCIArb. (U.K) CONTRIBUTOR: IFEDIORA OBIORA CHISOM Introduction In an era where…

1 week ago

Toward a Legally Anchored and Permanent National IHR Authority in Nigeria: A Constitutional and Strategic Imperative for Health Security

Prof Uwakwe Abugu By Professor Uwakwe Abugu, Director General Institute of Medical and Health Law,…

1 week ago

Enforceability of Surrogacy Contracts: A Family Law Perspective

INTRODUCTION Today, many people are turning to surrogacy as a way to have children, especially…

1 week ago

Rent Recovery Follows Tenant’s Residence

CASE TITLE: NIGERIAN AGRICULTURAL CREDIT & RURAL DEVELOPMENT BANK LTD v. IWUOHA LPELR-81718 (SC)JUDGMENT DATE:…

1 week ago