x

Chinese directors battle for control of BN Ceramics Industry, Kogi

By Samuel Itsede

Two Chinese directors have sued BN Ceramics Industry Limited and other directors, seeking a court determination on major company control based on share allocation.

Plaintiffs allege improper share allotment, violating several sections of the Companies and Allied Matters Act and altering BN Ceramics’ share structure to benefit BN Technological Services.
The Federal High Court in Abuja transferred the case to the Lokoja Division, agreeing that the matter should be heard there due to jurisdictional reasons.

Two Chinese directors, Yang Jijian and Hao Aijun, have sued BN Ceramics Industry Limited, Kogi, and other Chinese directors before a Federal High Court in Abuja for the determination of who has major control of the company in terms of shares.

The legal team of the plaintiffs joined BN Ceramics Industry Limited, Liu Yangxi, Zhang Qide, Chen Enlai, NB Ceramics, BN Technological Services, Abuja, and the Corporate Affairs Commission (CAC) (first to seventh defendants), in the suit marked FHC/ABJ/CS/ /2022.

BN Ceramics Ltd is a Chinese-owned company in Nigeria which deals with the manufacturing of ceramic and porcelain tiles for distribution to building material stakeholders across the country.

The company owns a production base with two authentic polishing automatic lines at Ajaokuta, Kogi State; two main depots; and a distribution network of about 260 distributors.

The company is also a member of the Manufacturers Association of Nigeria (MAN) and is registered with the Corporate Affairs Commission (CAC).

Hot this week

Ibom Air signs N200M sponsorship deal with Akwa United FC

By Ogenyi Ogenyi,UyoIbom Air and 2021 Nigeria Premier Football...

KADMAM-CSO Urges Transparent Use, Community Monitoring of N32.9bn Basic Health Care Fund

By Achadu Gabriel, KadunaThe Maternal Accountability Mechanism in Kaduna...

Kaduna Igbo Community Honours Amb. Yerima Shettima with Traditional Title

By Achadu Gabriel, Kaduna The Eze Igbo of Kaduna, His...

INSPIRATION:Building a Reliable Humanity: Where Peace and Growth Reign

With Mary EwaLife will always remain a venture—an unfolding...

NCDC CEO Congratulates Dr. Bernard Doro on Ministerial Nomination, Commends Tinubu’s Choice

From Abel Zwanke, LafiaThe Managing Director and Chief Executive...

FG Launches Made-in- Nigeria Mobile App to Boost Community Healthcare Services

By Joyce Remi-BabayejuThe Federal Government has launched a...

Hazras Charity Foundation Concludes Educational Kits Distribution in Kano, Expands to Jigawa State

By Jabiru HassanThe Hazras Charity Foundation, a delivery partner...

Kaduna Women Journalists Urge Government Action on Poor Power Supply, Commend State’s Climate Efforts

By Achadu Gabriel, KadunaThe Nigeria Association of Women Journalists...

Gov. Ododo Hails Appointment of Maj.-Gen. Waidi Shaibu as New Chief of Army Staff

By Noah Ocheni, LokojaKogi State Governor, Alhaji Ahmed Usman...

NDDC Commissions Naval Facility in Bayelsa to Boost Security in Niger Delta

By Amgbare Ekaunkumo, YenagoaThe Niger Delta Development Commission (NDDC)...

KOSIEC Releases Timetable for 2026 Kogi Local Government Elections

By Noah Ocheni, LokojaThe Kogi State Independent...

Terrorist Invade Southern Kaduna Community, Abduct 10 Residents in Kauru LGA

By Achadu Gabriel, KadunaTerrorists have again attacked Southern Kaduna,...

Related Articles

Popular Categories

spot_imgspot_img