Konnektions146: @wislet,
i read tru yur posts, basically, just as a poster mentioned earlier, i asked what if she is instrumental to de FG deal , i mean, what if she is de lead negotiator or she has de key to de door we dont know yet until OP clarifies her role in dat deal.

Registering a new company is a No NO cos if anythin like dat comes, she could invite a competitor and partner with dem under same businesss name and deal with OP's new company badly considerin dat de old company has got name, track records, good financial record(i presume) and i bet u, OP wont like wat de outcome would be.

de relatively better approach is Mr Billy's option C, OP can go to CAC, and increase de share capital but come to think of it, what if de lady can even afford to buy more into de compayy?

she cant be sacked as a director easily but can as a manager. OP should just try reducing her presence in de operational scene of de company as quickly and as much as possible to contain de imminent danger she poses to de company.

yes. The change of name is nt quite an option.
And the lady is an MD according to the OP. I think the CEO can terminate the appointment of his MD. He just has to find a way to do it.
And hopefully, he didn't give her too much free hand/power in the company to the point of being the initiator of the contract.
At least he should be thankful the 'love' didn't carry him to make her a full partner that would have been another story.

Am §o̶̲̥̅̊ greatful for all the suggestions and your valuable time in all the replies. Am also sorry commenting late to all thhe questions. And as for the payment, God go bless all of na and give wisdom to u̶̲̥̅̊ all.
I would want to clearify to all yah, that am not in anyway trying to say ill of this partner. I have always wanted to do away with her eversince when I discoverd her unprofessional bhavour, but I couldn't cause I knew ‎​ђã†̥? She would do. She will shout to who cares and tell them that am throwing her out of the business just cause we are no longer having an affairs. I knw people will listen to her the more but in real sense its far from the truth.
To start with, she is §o̶̲̥̅̊ popular with the company's major Clients. She is a beautiful lady as Ɣ☺ΰ can imagine, thank God I made it clear from the start of we having nothing to do with our Clientd outside our official duties. Our clients stays with us not bcus of a beautiful and charming GM rather, the stay bcus of our service delivery and creativity.
As for the FG deal, my personality and long way relationships with them are the key factors in play. And above all baba God. I will also like to say am much intrested in the company and would not want to leave it to her. I want to just move on and build the empire am dreaming of with the right people, I have very weonderful coleagues and am §o̶̲̥̅̊ happy having them on board as well, I love to work with people cause humans are wealth as Ɣ☺ΰ all know.
Am of the view of finding a solution to this end. Am ready to be on same page with her if only she has improved or willing to learn and not drag my Company with me.. As for my percentage in the Company, I own double of hers while the rest lays with other investors...

Great!!!
what i think you can do at the moment ( as i think you dunno want to go harsh) is to sit her down and discuss things over with..
Who ended the relationship, you or her

If it's you then, your price for keeping the company might be for you to be on a page with her and... if it's otherwise...
you just have to be best of friends while still trying to buy her share off with time...

She's a lady, use her emotions against her (ladies in d house, no vex oo)... Shower her with affection, just be as diplonatic as possible...
....while still 'diplomatically' reducing her say in the company.

V_Official®:
Great!!!
what i think you can do at the moment ( as i think you dunno want to go harsh) is to sit her down and discuss things over with..
Who ended the relationship, you or her

If it's you then, your price for keeping the company might be for you to be on a page with her and... if it's otherwise...
you just have to be best of friends while still trying to buy her share off with time...

She's a lady, use her emotions against her (ladies in d house, no vex oo)... Shower her with affection, just be as diplonatic as possible...
....while still 'diplomatically' reducing her say in the company.

vex wetin?
If na me sef, i for don find way to kick am off straight.
I no dey take business play ooo.
Nt to talk of de one wey i own...u come dey play with am.
Hmmmm.

@OAM, it seems u're more concerned about what she might tell people about the reason for the break up, than the progress of ur company.
Hope u're not the type that allow people and their opinions direct ur life...cos my dear, u'll never move forward that way.
Any sane person will agree with you that it is not advisable to do business with exes. They will even wonder why u kept her so long.
You can seek professional advice. A good lawyer will know how to go about it.
By the way, is it an oil company? Am lookin for I.T placement

Wislet: vex wetin?
If na me sef, i for don find way to kick am off straight.
I no dey take business play ooo.
Nt to talk of de one wey i own...u come dey play with am.
Hmmmm.

u're a lady...
most of you are very emotional, that can b used against u by someone who knows how to achieve what he wants...

Likewise how ladies are using guy's lust against him...
everything boils down to achieving your aim if you want to succeed... life is unfair... we dont have to try too hard against it

sometimes it is very important to know your prospective directors very well befoer filling them with the cac.

if i may ask, you said she holds 30% stake in the company, how? is that percentage filed with the cac? basically known as form C2 and form C7.

what is in your article of association? you have to go through the content very well cos you can not just sack a director for non performance except by vote, death, voluntary resignation and by other directors complling a step down from her position not total removal

that us why you have to be very careful when choosing directors for a company.

meanwhile looking forward to hear from you before i can advice you on what to do.

V_Official®:

u're a lady...
most of you are very emotional, that can b used against u by someone who knows how to achieve what he wants...

Likewise how ladies are using guy's lust against him...
everything boils down to achieving your aim if you want to succeed... life is unfair... we dont have to try too hard against it

that if am emotional
i've heard otherwise.
I keep my head homey
i dnt mix business with pleasure.
So , say 'some ladies'.

seyigiggle: sometimes it is very important to know your prospective directors very well befoer filling them with the cac.

if i may ask, you said she holds 30% stake in the company, how? is that percentage filed with the cac? basically known as form C2 and form C7.

what is in your article of association? you have to go through the content very well cos you can not just sack a director for non performance except by vote, death, voluntary resignation and by other directors complling a step down from her position not total removal

that us why you have to be very careful when choosing directors for a company.

meanwhile looking forward to hear from you before i can advice you on what to do.

which is why he needs a good lawyer who will review the terms of the contract with him critically...so he doesn't take a bad step.

Wislet:
So , say 'some ladies'.

Good to know how realistic that business with pleasure thingy 'might' not be...

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The lady might be unproductive but might be sensible, there are many lawyers out there that she can also employ (easier with her B.power)... and i'm sure the OP will not want to wage a frontal war. better deal with this on bed .
my view ooh..

Why don't I believe this story?