Official says CAC shows Asa Investments does not belong to Saraki family, two owners dead

The family of Second Republic Senate Leader, late Dr Olusola Saraki, has no legal right to the piece of land opposite his house in Ilorin, where he built his Ile Arugbo (old peoples home), so says a top official of the Kwara State government. The official, who preferred anonymity because he was not authorised to speak on the issue, agreed that the land was offered to Asa Investments Limited, a company often associated with the late politician.

“However,” he claimed, “Asa Investment does not have a right of occupancy or Certificate of Occupancy. It does not have any document to show that it owns the land.

*“Moreover, the two shareholders of Asa Investments Limited are dead. Therefore, the company has no legal standing.*

*“Saraki is not the owner/shareholder of the company (Asa Investments) that the offer of land was made to.*
*“Under Nigerian laws, a limited liability company must have two shareholders. If either one or both are dead or extinct, the company ceases to exist.”*

*A status report on the company issued by the Corporate Affairs Commission, dated January 10, 2020 shows that Alhaja Bodurin Alaro and Alhaji Alabi Agoro are the shareholders of Asa Investments Limited.*

iammdshola:
[b][/b]
https://www.thisdaylive.com/index.php/2020/01/26/kwara-govt-saraki-has-no-legal-right-to-disputed-ilorin-land/

Abalado:
So also Buhari, Miyeti Allah,and other abokis has no right to say Operation Amotekun will not stay.... Period

iammdshola:
[b][/b]
https://www.thisdaylive.com/index.php/2020/01/26/kwara-govt-saraki-has-no-legal-right-to-disputed-ilorin-land/

Iamgrey5:
Weed is not good on Sundays.

Iamgrey5:
Weed is not good on Sundays.

Iamgrey5:
Weed is not good on Sundays.

Abalado:
So also Buhari, Miyeti Allah,and other abokis has no right to say Operation Amotekun will not stay.... Period

Patrioticman007:
.

Amotekun that is suya delicacy in the North.

Cmeo:




I believe there is misrepresentation of information somewhere in the article.

The death of shareholders in limited liability does not automatically signifies the ceasing of a limited liability companies. That rules seems to apply to business name registration or enterprises not limited by shares.

hisexcellency34:
Saraki don humble las las. By the time they frustrate his life, he will beg to return to APC