… Insists Media Report on Director’s Resignation Fake
“Ogunmuyiwa Left Since 2017”
Mr.
Houses for Africa Nigeria Limited, one of the contending parties in the River Park Estate Abuja crisis has faulted media report that one of its staunch directors, Kojo Ansa Mensah had resigned from the company. The report was allegedly at the behest of a one time director of the company, Mr. Adeniran Olatokunbo Ogunmuyiwa who it said voluntarily resigned from the company since 2017 and therefore, no longer has any stake in the company nor purports to represents it in any capacity.
A statement to that effect signed by company on behalf of the Board says Mensah still remain a Director in the company adding that the said Ogunmuyiwa failed the company in the capacity of holding 20 per cent shares to settle the company’s creditors, a situation which almost pit the company against its creditors. Both the company and its creditors are currently locked in lawsuits.
The statement said, “We wish to categorically state that the said publication is riddled with falsehood, it is misleading, malicious and does not represent the true state of affairs in the Houses of Africa Nigeria Limited. For the avoidance of doubt, the Director of the Houses of Africa Nigeria Limited on the record of the Corporate Affairs Commission, the statutory body responsible for the company registration are: Messrs Kojo Ansa Mensah, Samuel Esson Jonah, Victor Quainoo and Jonah Nathaneil. Any other individual (such as Adeniran Olatokunbo Ogunmuyiwa) claiming directorship or authority to act on behalf of the company is doing so fraudulently.”
Continuing, the statement added, “In 2007, Samuel Esson Jonah invited a USA based investor, House for Africa Holding Inc USA, a Delaware-based company to invest in its operations.
Consequently, Houses for Africa Nigeria Limited was incorporated in February 7, 2008 as a Nigerian company. By virtue of the Share holding agreement executed in 2007, the first shareholders of JonahCapital Nigeria Limited mentioned above, all voluntarily relinquish their shares in JonahCapital in favour of Houses for Africa Nigeria.
Under this new arrangement, 80 per cent shares of Houses for Africa Nigeria Limited was allocated to Houses for Africa Holding USA, while 20 per cent of the Houses for Africa Nigeria shares was allocated to Adeniran Olatokunbo Ogunmuyiwa. Effectively, by the agreement mentioned here, shareholders of Houses for Africa Nigeria Limited are Houses for Africa Holding USA and Mr. Adeniran Olatokunbo Ogunmuyiwa.”
“By an agreement termed “heads of agreement between Samuel Esson Jonah and Adeniran Olatokunbo Ogunmuyiwa, Houses for Africa Nigeria Limited and JonahCapital Nigeria Limited date June 1, 2012, and special resolution dated April 9, 2013, Adeniran Olatokunbo Ogunmuyiwa voluntarily relinquished his 20 per cent shares in the Houses for Africa Nigeria.
In exchange for adeniran Olatokunbo Ogunmuyiwa relinquishing his shares and part of his exit package, he was granted development right of over 94.8 hectares of land in River Park Estate and an additional 45 hectares for the settlement of the company’s creditors at the time. Despite these generous terms, Mr. Adeniran Olatokunbo Ogunmuyiwa failed to settle the company’s creditors hence exposing our company to what would have been avoidable law suits by creditors which we are currently defending.
As stated above, Mr. Adeniran Olatokunbo Ogunmuyiwa was a former director of Houses for Africa until his resignation in 2017 as evidenced by his signed resignation letter. Following his resignation, Mr. Adeniran Olatokunbo Ogunmuyiwa ceased to hold any position or authority in the Houses for Africa Nigeria Limited. “