Counsel to the Securities and Exchange Commission (SEC), Anthony Idigbe, on Monday opposed an application seeking to join Oando Plc in a suit filed by its dismissed group chief executive officer, Adewale Tinubu, and his deputy, Omamofe Boyo.
Messrs Tinubu and Boyo are praying a Federal High Court in Lagos to enforce their fundamental rights after they were barred by SEC from being directors of any public company for five years.
Yele Delano announced appearance as representing Oando in court on Monday.
Mr Delano said the company was interested in joining the suit and seeking a consolidation of similar suits pending before the court.
Delano also sought an adjournment to enable him to file processes in the suit.
SEC counsel opposed the request on the grounds that it would pre-determine the respondent’s case.
He argued that granting the joinder application could pre-determine the case of the defence.
Mr Idigbe immediately prayed the court to refuse the application.
Counsel for the applicants, Tayo Oyetibo, argued in favour of the request for joining.
He said that if the court refuses the application for joinder, and the party goes on appeal, the applicants would be affected.
The court adjourned the case until July 4 to hear arguments on the motion for consolidation.
It also fixed July 22 for hearing of the substantive suit.
