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
  • Framework For The Establishment Of Federal And State Police Services In Nigeria
  • The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD
  • President Tinubu Launches Presidential Task Force On Ebola Preparedness
  • The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble
  • ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger
  • United States Sanctions Armed Group Leaders In Eastern Democratic Republic Of The Congo
  • Airtel, Glo Resume Airtime Lending After Court Halts FCCPC Enforcement
  • Leadership In Africa: Forging A New Era Of Self-Reliance, Unity, And Global Relevance – Pt. 3 — Tolulope A. Adegoke, PhD
X (Twitter) Instagram
Fishe NewsFishe News
Subscribe
Sunday, June 14
  • 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

ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger

Airtel, Glo Resume Airtime Lending After Court Halts FCCPC Enforcement

MTN Moves To Take IHS Towers Private In $2.2 Billion Deal

IN THE NEWS: Trump Directs Nigerians, Other Green Card Applicants To Return Home Countries For Processing

Competing For Africa’s Digital Future

Jumia’s Decision To Cut 200 Jobs And Accelerate AI Adoption

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

  • Framework For The Establishment Of Federal And State Police Services In Nigeria
  • The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD
  • President Tinubu Launches Presidential Task Force On Ebola Preparedness
  • The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble
  • ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger
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

Framework For The Establishment Of Federal And State Police Services In Nigeria

June 11, 2026

The Trials Of Leadership In National Security: Lessons, Challenges, And Enduring Solutions From Nigeria, Africa, And The Global Arena — Tolulope A. Adegoke, PhD

June 11, 2026

President Tinubu Launches Presidential Task Force On Ebola Preparedness

June 11, 2026

The Hamzat Paradox: Continuity, Change, And The 2027 Lagos Gamble

June 10, 2026

ProvidusUnity Bank Emerges As Supreme Court Approves Landmark Unity Bank–Providus Bank Merger

June 4, 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.