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From Godwin Tsa Abuja
Chief Executive Officer of the JonahCapital Nigeria Ltd, Kojo Ansah Mensah has alleged that the Corporate Affairs Commission (CAC) allocated their shares to other Nigerians after accusing them of forgery without proving same in court.
In a statement in Abuja, Mensah said despite approaching the court to stop the CAC from taking any steps against the company while the matter was sub-judice, the commission still went ahead to allocate the shares to other Nigerian former shareholders, whose shares they acquired in good faith in 2007.
He said the Commission’s action was in defiance to the written directive of the Attorney General of the Federation, through the Solicitor-General of the Federation on September 24, to place a caveat on the records of the above companies while they concluded investigation into a police investigation of forgery against the Ghanaian investors, Sir Samuel Jonah, Kojo Ansah Mensah, Victor Quainoo and their Nigeria company secretary, Abu Arome.
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“All these are happening despite unproved allegation of forgery, non-refund of millions of dollars in lieu of shares for the acquisition of the shares and the breach of the CAC Act which provides for 100 million shares for companies with foreign partners,” Mensah said.
Consequently, the Ghanaian investors have petitioned the National Assembly, which adopted their motion during plenary on Thursday December 11; the Attorney General of the Federation (AGF) about this act of expropriation; the President of Ghana and the supervising Minister of Trade, even as they equally intend to petition the Economic Community of West African States’ (ECOWAS) Court.
“The action by the CAC is a disturbing trend, which could set a bad precedence of hostile takeover of foreign-owned companies by the governments and given to its citizens,” he added.
Reacting, the spokesman of the Commission, Inyang said the claim was not factual.
