THE Federal High Court, Ikoyi, presided over by Justice Abang, Tuesday, took arguments from lawyers to Little Heroes Ltd and Ernest Orji, one of the recently suspended directors of FinBank Plc, by the Central Bank of Nigeria, over the ownership of Ikoyi Hotel which is currently known as Southern Sun.
Little Heroes and the other companies had dragged the said Ernest Orji to the court, accusing him of appropriating their shares in the hotel contrary to what was agreed by all the parties in a July 2004 agreement.
Orji’s counsel, Idigbe(SAN), told the court that it lacked jurisdiction to hear the matter because the issues involved border on an investment agreement and lack of privacy of contract between his client and the plaintiffs who, he submitted, had no locus standi to institute the action against his client.
However, Maxwell Adeniran, who appeared for Little Heroes Ltd and the other plaintiffs, urged the occur to lift the corporate veil of the companies used by the said Orji to claim his client’s shares in Ikoyi Hotel.
They argued that a party that sought to lift the corporate veil of a company only needed to plead facts bordering on criminality in the statement of claim and the veil would be automatically lifted
He added that no formal application was required to do that. In the alternative, they said there was need to seek same as a relief in the statement of claim.