The Federal High Court in Abuja will on Thursday hear the preliminary objections in the suit on the dispute over the ownership and control of Emerging Markets Telecommunication Service (EMTS), the holder and operator of the 9Mobile Telecommunication licence.

Keystone Bank brought a motion seeking to be joined as a party.

The plaintiff, Abubakar Isa Funtua, sued General Theophilus Yakubu Danjuma (Rtd), his company LH Telecommunication Limited and others over the ownership of EMTS trading under 9Mobile.

The others are Seltrix Limited (first defendant), the Corporate Affairs Commission (CAC), Nigerian Communications Commission (NCC), HayatuHassan Hadeija, Teleology Nigerian Limited and Mohammed Edewor, a Director in Teleology Nigeria Limited.

The plaintiff seeks a declaration that he is the beneficial owner of the 43,000,000 ordinary shares held in trust for him by the first defendant (Seltrix Limited) in the capital of the third defendant (Teleology Nigeria).

He is also praying for “a declaration that the acquisition of the 43,000,000 ordinary shares purportedly transferred or surrendered to the third defendant (Teleology Nigeria) in breach of the first defendant’s duty as trustee of the plaintiff and in contravention of Clause 48 of the Memorandum and Articles of Association of the first defendant is null, void and of no effect.”

At the resumed hearing of the case, parties were confronted with a Motion by Keystone Bank, along with its counter-claim and allegation of fraud against some parties in the suit ABJ/CS/1971/2024.

The matter was adjourned for a hearing of all preliminary objections.

Culled The Nation