First Foundation Boss

First Foundation Boss

No court shared late First Foundation boss assets – Counsel

No court shared late First Foundation boss assets – Counsel

9/17/2021 11:27:00 AM

No court shared late First Foundation boss assets – Counsel

Kunle Adegoke & co, the solicitors for Mrs Oluwayemisi Ajayi, widow of Dr Tosin Ajayi of the First Foundation Medical Engineering Company Limited, have said the Federal High Court in Lagos did not grant 50 per cent of Ajayi’s net assets to Ms Helen Prest-Ajayi.

According to the certified true copy of the court paper, some of the orders granted are include, “The second respondent/proposed defendant, whether acting by itself or through its servants, agents and/or privies or whosoever acting on its behalf or authority, is hereby restrained from recognising the third respondent/proposed defendant as entitled to commit contractually or otherwise run the first respondent/proposed defendant or deal in the assets of the first respondent/proposed defendant as a sole surviving director/shareholder pending the determination of substantive action.

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“The third respondent/proposed defendan,t whether acting by herself or through her servants, agents and/or privies or whosoever is acting under her instruction, is hereby restrained from dealing or otherwise running the affairs of the first defendant/proposed defendant, dealing with the assets or seeking to perfect any legal instrument with the aim of alienating, transferring and ultimately dissipating the assets of the first defendant/proposed defendant or interfere in the business undertaking or other activities of the first respondent/proposed defendant.

In the case with suit number FHC/L/CS/900/2021, the first and second applicants are Miss Tomisin Ajayi and Mrs Helen Prest Ajayi; while the first, second, third and fourth respondents are First Foundation Medical Engineering Company Ltd; Registrar General, Corporate Affairs Commission; Mrs Oluwayemisi Ajayi; and Patrick Abak, respectively.

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