N3TRAL:


Procedure for removing a director according to section 288 of CAMA 2020:

1) A company may by ordinary resolution remove a director before the expiration of his period of office, notwithstanding anything in its articles or in any agreement between the company and him.

(2) A special notice is required of any resolution to remove a director under this section, or to appoint some other person instead of a director so removed, at the meeting at which he is removed, and on receipt of notice of an intended resolution to remove a director under this section, the company shall immediately send a copy of the notice to the director concerned and (whether or not he is a member of the company) and is entitled to be heard on the resolution at the meeting.

(3) Where notice is given of an intended resolution to remove a director under this section and the director concerned makes, with respect to it, representations in writing to the company (not exceeding a reasonable length) and requests their notification to members of the company, the company shall, unless the representations are received by it too late for it to do so— (a) in any notice of the resolution given to members of the company, state the fact of the representations having been made ; and (b) send a copy of the representations to every member of the company to whom notice of the meeting is sent (whether before or after receipt of the representations by the company), and if a copy of the representations is not sent as required in this section because it is received too late or because of the company’s default, the director may (without prejudice to his right to be heard orally) require that the representations are read out at the meeting : Provided that copies of the representations need not be sent out and the representations need not be read out at the meeting if, on the application either of the company or any other person who claims to be aggrieved, the court is satisfied that the rights conferred by this section are being abused to secure needless publicity for defamatory matter and the court may order the company’s costs on an application under this section to be paid in whole or in part by the director, notwithstanding that he is not a party to the application.

(4) A vacancy created by the removal of a director under this section, if not filled at the meeting at which he is removed, may be filled as a casual vacancy.

(5) A person appointed director in place of a person removed under this section is treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed a director.

(6) Nothing in this section is taken as depriving a person removed under it of compensation or damages payable to him in respect of the termination of his appointment as a director or of any appointment terminating with that as director, or as derogating from any power to remove a director which may exist apart from this section.

---

I doubt your news. If it's true, then Tinubu's legal advisers are wrong.

Once you break the law, CAMA privileges take the back seat.

Cooly100:


For you..anything that will keep Nigeria down...you will support it...

I know you support this Tinubu stooge...when he was in FIRS Chairman...he might be recalled to head the agency again...

You won't even blink..

https://saharareporters.com/2020/11/16/breaking-ex-firs-chairman-fowler-returns-efcc-office-over-fresh-n9.2bn-traced-personal

Anything to justify your shitty negativity is okay by your likes. What has news about Fowler got to do with the sacking of Kyari?

Y'all should get a life. How you manage to live with yourself with such yoke of hatred and negativity is mind boggling.

Cooly100:
.

Asking people like you to support EFCC to do their work without partiality is like eating your own flesh...till...

Carry your shitty orientation where your likes abound.

Nigeria will prosper against all your negative wishes.

I'm done with you.

Ofunaofu:


From where...... planet Mars

A new set of patriots.

Patriots are people loyal to the government in power.

omenka:
Anything to justify your shitty negativity is okay by your likes. What has news about Fowler got to do with the sacking of Kyari?

Y'all should get a life. How you manage to live with yourself with such yoke of hatred and negativity is mind boggling.

What have all you veil hypocritical positivism brought to bear?

Nothing but shame and brutish ignominy...

You support every government to no avail

This is your report card...for last period.

FreeStuffsNG:

Once you break the law, CAMA privileges take the back seat.

It means the Federal High Court will nullify his removal as a director.

Understand the implication of NNPC being a privately owned company.

It means that just like Dangote refinery, for instance, the directors of the company who are the minds of the company will be responsible for the day to day running of the business. The Federal government who do not understand the economics involved in demand and supply of the goods and services of the NNPC has no business determining the prices as a shareholder. That's the function of the directors.

iHateFraudsters:


A new set of patriots.

Patriots are people loyal to the government in power.

Patriots from where?

omenka:
Carry your shitty orientation where your likes abound.

Nigeria will prosper against all your negative wishes.

I'm done with you.

See your fake wishes as your report card.....I hope you are happy that it is bearing perfect fruits..

How is your angelic orientation...fake compatriot..

Ofunaofu:


Patriots from where?

Tinubus guys of course

tamdun:
One of Buhari's mistake is retaining Emefiele,am sure Tinubu won't make same mistake

Not only that, he accepts the title BABA GO SLOW, yet taking wrong decisions based on tribalism and religion sentiments in a sluggish manner!
He retained all the failures connected to his government for eight years!
Public cried for months even for security leadership due for retirement were changed........on and on, he was failure personified.

N3TRAL:


It means the Federal High Court will nullify his removal as a director.

Understand the implication of NNPC being a privately owned company.

It means that just like Dangote refinery, for instance, the directors of the company who are the minds of the company will be responsible for the day to day running of the business. The Federal government who do not understand the economics involved in demand and supply of the goods and services of the NNPC has no business determining the prices as a shareholder. That's the function of the directors.

Understand that shares are voting rights

Action President! No time

Fake news

BAT have meeting with him and marketers last week his telling the sitting president that the price cant go down 476 naira stupid man sack all and jailed them all dey spoiled nigeria

N3TRAL:


Okay, but can you remove a director without the agreement of the members at a general meeting?

You don't know what is called government. It's is super power.

Good riddance to baddest rubbish.



Now we are ready to buy fuel at 1k
Without remorse.

This one is night firing...picturing Kyari listening to the firing news where he is eating Peppersoup with his girlfriend.

Ofunaofu:


To bring on board new set of looters

Only IPOB will believe that. Tinubu is the messiah Nigeria needs now.

OldBeer:
Space your wailing.
Na 8 years you get. If you finish everything this month, which one you go use for the remaining years?
Na good advise I give you so

I agree with you. The wailing is excessive. Kilode!!!

Tinubu no dey joke!

Man came prepared...

Wetin Buhari did for 8years Yoruba will do same just watch out these:
Army-Yoruba
Navy-south-south
Air force -Igala or middle
Police-Igbo
Customs-Yoruba
Fire service-Hausa
Immigration-Middle belt
EFCC-Yoruba
These offices may change to these Mentioned region before 30th june

Get it, after God government is next.

FreeStuffsNG:
Asiwaju Bola Ahmed Tinubu is repping us Lagosians well. Eko o gba gbere o

When will your mandate thief arrest the former minister of petroleum, Buhari?

Oga Mele Kyari and Umar Ajiya retired from NNPC since September 2021 ,they are not career officers of NNPC but on appointment

N3TRAL:


Procedure for removing a director according to section 288 of CAMA 2020:

1) A company may by ordinary resolution remove a director before the expiration of his period of office, notwithstanding anything in its articles or in any agreement between the company and him.

(2) A special notice is required of any resolution to remove a director under this section, or to appoint some other person instead of a director so removed, at the meeting at which he is removed, and on receipt of notice of an intended resolution to remove a director under this section, the company shall immediately send a copy of the notice to the director concerned and (whether or not he is a member of the company) and is entitled to be heard on the resolution at the meeting.

(3) Where notice is given of an intended resolution to remove a director under this section and the director concerned makes, with respect to it, representations in writing to the company (not exceeding a reasonable length) and requests their notification to members of the company, the company shall, unless the representations are received by it too late for it to do so— (a) in any notice of the resolution given to members of the company, state the fact of the representations having been made ; and (b) send a copy of the representations to every member of the company to whom notice of the meeting is sent (whether before or after receipt of the representations by the company), and if a copy of the representations is not sent as required in this section because it is received too late or because of the company’s default, the director may (without prejudice to his right to be heard orally) require that the representations are read out at the meeting : Provided that copies of the representations need not be sent out and the representations need not be read out at the meeting if, on the application either of the company or any other person who claims to be aggrieved, the court is satisfied that the rights conferred by this section are being abused to secure needless publicity for defamatory matter and the court may order the company’s costs on an application under this section to be paid in whole or in part by the director, notwithstanding that he is not a party to the application.

(4) A vacancy created by the removal of a director under this section, if not filled at the meeting at which he is removed, may be filled as a casual vacancy.

(5) A person appointed director in place of a person removed under this section is treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed a director.

(6) Nothing in this section is taken as depriving a person removed under it of compensation or damages payable to him in respect of the termination of his appointment as a director or of any appointment terminating with that as director, or as derogating from any power to remove a director which may exist apart from this section.

---

I doubt your news. If it's true, then Tinubu's legal advisers are wrong.

Firing season

N3TRAL:
Isn't NNPC a private company?

wetin b d full meaning of NNPC.

FreeStuffsNG:
Kyari, MD of NNPC, fired with immediate effect.
Details soon.

BAT dey vex o

FreeStuffsNG:
Asiwaju Bola Ahmed Tinubu is repping us Lagosians well. Eko o gba gbere o

finally you agree its a tribal thing

you are now putting lagos before nigeria

maybe he should put you there to continue repping lagos state

N3TRAL:


Procedure for removing a director according to section 288 of CAMA 2020:

1) A company may by ordinary resolution remove a director before the expiration of his period of office, notwithstanding anything in its articles or in any agreement between the company and him.

(2) A special notice is required of any resolution to remove a director under this section, or to appoint some other person instead of a director so removed, at the meeting at which he is removed, and on receipt of notice of an intended resolution to remove a director under this section, the company shall immediately send a copy of the notice to the director concerned and (whether or not he is a member of the company) and is entitled to be heard on the resolution at the meeting.

(3) Where notice is given of an intended resolution to remove a director under this section and the director concerned makes, with respect to it, representations in writing to the company (not exceeding a reasonable length) and requests their notification to members of the company, the company shall, unless the representations are received by it too late for it to do so— (a) in any notice of the resolution given to members of the company, state the fact of the representations having been made ; and (b) send a copy of the representations to every member of the company to whom notice of the meeting is sent (whether before or after receipt of the representations by the company), and if a copy of the representations is not sent as required in this section because it is received too late or because of the company’s default, the director may (without prejudice to his right to be heard orally) require that the representations are read out at the meeting : Provided that copies of the representations need not be sent out and the representations need not be read out at the meeting if, on the application either of the company or any other person who claims to be aggrieved, the court is satisfied that the rights conferred by this section are being abused to secure needless publicity for defamatory matter and the court may order the company’s costs on an application under this section to be paid in whole or in part by the director, notwithstanding that he is not a party to the application.

(4) A vacancy created by the removal of a director under this section, if not filled at the meeting at which he is removed, may be filled as a casual vacancy.

(5) A person appointed director in place of a person removed under this section is treated, for the purpose of determining the time at which he or any other director is to retire, as if he had become director on the day on which the person in whose place he is appointed was last appointed a director.

(6) Nothing in this section is taken as depriving a person removed under it of compensation or damages payable to him in respect of the termination of his appointment as a director or of any appointment terminating with that as director, or as derogating from any power to remove a director which may exist apart from this section.

---

I doubt your news. If it's true, then Tinubu's legal advisers are wrong.

he has already done it to emefiele and people are clapping hands

he has done it again unconstitutionally

people still dey clap

Ofunaofu:


To bring on board new set of looters

You're a sadist.

maticar:


he has already done it to emefiele and people are clapping hands

he has done it again unconstitutionally

people still dey clap

Another IPOB sadist.

N3TRAL:
Isn't NNPC a private company?

private company with federal govt as 100 percent shareholder