Close Menu
Fishe News
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Fishe Travel
    • Fishe Media
    • Fishe TV
Facebook X (Twitter) Instagram
Trending
  • “ADC Schedules National Convention For April 14th”
  • President Tinubu Commits To Reviewing Media Tariffs, Advocates For Collaboration In National Development
  • Editorial: Henry Onyemanze Nwosu: The Man Beyond The Legend (1963–2026)
  • Lagos State Reintroduces Monthly Environmental Sanitation Programme
  • Chevron Appoints Emmanuelle Garinet, To Lead Exploration In Sub-Saharan Africa And The Americas
  • The Six Focal Dimensions Of Leadership: A Holistic Framework For Personal Mastery, Organisational Excellence, And National Resilience — Tolulope A. Adegoke, PhD
  • FBNQuest Secures Appointment As Transaction Advisor For Project BRIDGE
  • Tinubu Inaugurates A Task Force To Formulate Fresh Reforms In Nigeria’s Petroleum Industry
X (Twitter) Instagram
Fishe NewsFishe News
Subscribe
Sunday, March 15
  • Home
  • Entertainment
  • National
  • International
  • Tech
  • Politics
  • Sports
  • PMNI
  • More
    • Business
    • Culture
    • Education
    • History
    • Health
  • Featured
    • Fishe Travel
    • Fishe Media
    • Fishe TV
Fishe News
Home»Business

Court Dismisses Suit Against 9mobile Over Alleged Shares Transfer

Omolemi EboisetaleBy Omolemi EboisetaleOctober 5, 2025 Business No Comments2 Mins Read
Share Facebook Twitter LinkedIn Email WhatsApp

The Federal High Court in Abuja has dismissed a lawsuit filed by businessman Abubakar Ismaila Isa Funtua against 9mobile, a telecommunications company owned by Emerging Markets Telecommunication Services Limited (EMTS).

Funtua alleged that his 43 million shares in the company were transferred without his consent.

Funtua claimed ownership of the shares, which he alleged were held in trust for him by Seltrix Limited in Teleology Nigeria Limited. He sought 11 reliefs, including a declaration that he was the beneficial owner of the disputed shares. However, Justice Mohammed Umar ruled that Funtua lacked the locus standi (legal capacity) to institute the action against the nine defendants.

The court held that Funtua failed to establish the foundational facts of his claim or logically link them to the exhibits he presented. Justice Umar noted that the exhibits tendered by Funtua did not mention the figure of 43 million ordinary shares held in trust for him by the first defendant. The court also observed that the second defendant denied any business dealings with Funtua, and this fact was not controverted.





“The said exhibits cannot by any imagination constitute a trust to confer locus standi on the plaintiff,” Justice Umar held. The defendants, represented by Michael Aondakaa, SAN, C.I. Okpoko, SAN, and R.O. Atabo, SAN, filed a joint preliminary objection, urging the court to dismiss the case for lack of jurisdiction and as an abuse of court process.

They argued that Funtua was a “meddlesome interloper” seeking to frustrate the operations of EMTS. “I resolve the issue of locus standi against the Plaintiff, and the law is that where a Plaintiff has been adjudged to lack locus standi, it does not matter what other issues have been raised for determination in the suit,” Justice Umar said.

The court ordered that the case be struck out for want of locus standi. The ruling highlights the importance of establishing legal capacity in instituting actions in court.

9mobile Court Ruling EMTS Lawsuit locus shares ownership standi
Share. Facebook Twitter LinkedIn WhatsApp
Omolemi Eboisetale
  • Website

Keep Reading

Chevron Appoints Emmanuelle Garinet, To Lead Exploration In Sub-Saharan Africa And The Americas

FBNQuest Secures Appointment As Transaction Advisor For Project BRIDGE

Tinubu Inaugurates A Task Force To Formulate Fresh Reforms In Nigeria’s Petroleum Industry

NDPC Cautions Content Creators Against Violating Citizens’ Privacy

FCCPC Reports Nigerians Are Most Exploited By Telecom And Energy Providers

“Petrol Price Hits ₦1,175 Per Litre As Dangote Responds To Crude Oil Surge Again”

Add A Comment

Comments are closed.

Here is spotlighting many benefits of journeying with either Lagos State’s Blueline or Redline rails for a hassle-free day, week, month and year. Thank God for the Igbega Eko. Together we rise.
https://youtu.be/V67GV8wgyjw

Latest Posts

  • “ADC Schedules National Convention For April 14th”
  • President Tinubu Commits To Reviewing Media Tariffs, Advocates For Collaboration In National Development
  • Editorial: Henry Onyemanze Nwosu: The Man Beyond The Legend (1963–2026)
  • Lagos State Reintroduces Monthly Environmental Sanitation Programme
  • Chevron Appoints Emmanuelle Garinet, To Lead Exploration In Sub-Saharan Africa And The Americas
Featured
About Fishe

FISHE was founded with the goal of helping clients thrive in today’s highly competitive marketing environment. While other companies rush to abandon traditional marketing in favour of digital techniques, we’ve bolstered our offline marketing capabilities while also equipping our team with seasoned professional knowledge to support our clients’ digital needs.

Through creative designs, we enhance our clients’ products and services the right way that would attract their target audience, thus, making the perception of their company a reality.

  • LTV 8, Agidingbi Road, Alausa, Ikeja, Lagos.
  • +234 806 003 7277
  • info@gofishe.com
FISHE, Your Best Plug For Bus Stop Shelter Ad

LATEST POSTS

“ADC Schedules National Convention For April 14th”

March 15, 2026

President Tinubu Commits To Reviewing Media Tariffs, Advocates For Collaboration In National Development

March 15, 2026

Editorial: Henry Onyemanze Nwosu: The Man Beyond The Legend (1963–2026)

March 15, 2026

Lagos State Reintroduces Monthly Environmental Sanitation Programme

March 15, 2026

Chevron Appoints Emmanuelle Garinet, To Lead Exploration In Sub-Saharan Africa And The Americas

March 15, 2026
Featured

Subscribe to Updates

Get the latest news from FISHE about politics, economy, health and business, etc

Facebook X (Twitter) Instagram Pinterest
© 2026

Type above and press Enter to search. Press Esc to cancel.