The war between popular radio presenter, Olisa Adibua and his cousin Obi Asika over the management of fund in their joint business is getting messier by the day and both are ready to fight with their last blood.
It would be recalled that it became a public knowledge mid last year that there was a real trouble between the duo when Obi Asika announced that he had sacked Olisa Adibua from Storm 360 limited, an entertainment company believed to be jointly owned by them.
While Olisa Adibua described his reported sack as a huge joke, Obi Asika made it known to the public he owns Storm 360 limited one hundred percents and that he only brought in Olisa to be a passive partner.
The controversies raged on and it eventually become a police matter as
Olisa and Asika began to haunt each other with the police on a regular basis.
Yemojanews.com recently came across a petition written by Olisa Adibua lawyers and addressed to the Commissioner of Police, Special Fraud Unit, Millerton Road, Ikoyi Lagos. We present you the unedited petition which reveals a lot about the cause of war between the erstwhile business associates and cousin.
13th February, 2013
The Commissioner of Police
Nigeria Police Force
Special Fraud Unit (SFU)
Adewusi House
14 Milverton Road
Ikoyi, Lagos
Dear Sir,
RE: REQUEST FOR INVESTIGATION OF FRAUDULENT ACTIVITIES IN STORM 360 LIMITED
We act as Counsel to Mr. Olisa Adibua (‘Our Client’) and write on his behalf and instruction to request for an investigation into the fraudulent activities in Storm 360 Limited.
Our client is a founding shareholder and director of Storm 360 Limited (‘the Company’), a company incorporated in October 2008 for the promotion of media related business. Our Client incorporated the company together with Mr. Asika, who is his childhood friend, and the company has carried on business for the past 4 years including organization jingle and reality shows for multi-national companies, as well as pursuing its ultimate aim of profit making.
Sometime in January 2012, our client noticed a chain of unauthorized withdrawal of funds, at the behest of Mr. Asika, from the company’s bank account with Zenith Bank Plc. This development was all the more suspicious given that the persons involved are not authorized to do by the company. The total sum of N50,152,483 (Fifty Million, One Hundred and Fifty Two Thousand, Four Hundred and Eight Three Naira), was withdrawn from the naira account, while the total sum of USD $ 496,596 (Four Hundred and Ninety Six Thousand, Five Hundred and Ninety Six United State Dollars.)
As a result of the above discovery, and considering that no dividends have been paid to our Client since the inception of the company, our Client sent several request to Mr. Asika, who acts as the CEO of the company, to explain the questionable withdrawals from the company’s account. Mr. Asika however, neglect to respond to the above requests and our Client proceeded to lodge a complaint with the Special Fraud Unit (SFU),Lagos, via his letter dated 14th May, 2012 Our Client urge the SFU to investigate the above situation.
The SFU in investigating the allegation, the investigating team invited Mr. Asika to answer to the allegations of possible mismanagement and instructed him to provide the necessary documents that will aid the investigation process. Strangely and for no justifiable reason, Mr. Asika refused to co-operate with the investigating officers and went ahead to institute a fundamental rights action against our Client, the Inspector General of Police and investigating officers of the SFU. Shortly after filling the action, Mr. Asika also sent a petition to the inspector General of Police alleging threat to his life and the life’s of the agents of the company by our client.
As a consequence of Mr. Asika’s actions above, on 24th July 2012, our Client was detained in SFU Lagos till 9:15 pm at the behest of a certain ASP Akin who came in from the Force Headquarters, Abuja. The said ASP Akin seized the investigation file in the possession of the SFU, thus halting the investigation process. Our Client was eventually released on bail after a friend of his, Mr. Chike, was invited to the station to secure the bail. One of the conditions given for granting our client bail was that he must report at the force Headquarters, Abuja the following Monday 30th August 2012.
Our Client as a law abiding citizen, reported at the Force Headquarters, Abuja as requested and was made to wait hours without end to be attended to. Mr. Asika who lodged the complaint did not show up at the Force Headquarter despite being invited. Our Client was further made to write numerous statements and endured thorough interrogations by several officers including ASP Akin, Officer Mustapha and DC Admin Force headquarter, Abuja. Our Client was finally allowed to leave at about 6.00pm and told to report again at the Force Headquarters on Wednesday, 1st August 2012 as the presence of Mr. Asika was paramount to our client being set exonerated from the allegations.
The pertinent issues which the aforesaid facts have raised are issues which we wish to remonstrate against and for which we now seek your kind intervention in order to restore confidence in the Nigeria Police Force, and indeed the rule of law, Our Client has been made to suffer unjust treatment and harassment as a result of the legal steps he took to redress a grievance done to his interest in the company. We urge you to look beyond the instant distractions by Mr. Asika and resume investigation into the allegations of fraud leveled against Mr. Asika by our client. Our Client has unwavering faith in the abilities of your good office and we believe that the interest of justice will prevail.
We kindly seek the following positive actions from your good office which will ensure that justice is done in the instant case:
That the investigation of the allegations of fraud lodged by our client be re-opened by the Special Fraud Unit in order to avoid Mr. Asika overbearing influence.
That the investigation of the allegations be re-opened in Lagos as the said fraud was committed within Lagos and the registered address of the company is in Lagos, and parties involved all reside in Lagos.
Upon affirmation of fraud on the company by Mr. Obi Asika, that criminal proceedings be initiated as deemed fit to deter further corporate mismanagement of the company’s funds.
We express our appreciation in anticipation of a favourable response and consideration from your good Office.
Please be assured of our highest regards.
Yours faithfully,
For: STREAMSOWERS & KOHN
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