WHAT’S UP WITH OLISA ADIBUA & OBI ASIKA?
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| Olisa Adibua |
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| Obi Asika |
Olisa Adibua has been in the news in recent times for the
negative reasons. He reportedly beat up a staff at Beat FM in 2011. At the just
concluded Rick Rock show in Lagos,
he reportedly almost marred the event when he was said to have insisted on
introducing Rick Ross on stage which was the duty of Larry D.
negative reasons. He reportedly beat up a staff at Beat FM in 2011. At the just
concluded Rick Rock show in Lagos,
he reportedly almost marred the event when he was said to have insisted on
introducing Rick Ross on stage which was the duty of Larry D.
News just reaching us confirms that controversial On Air
Personality with Beat FM, Olisa Adibua has been sack as a director of Storm
360. His sack was confirmed through a press statement made available to us.
Personality with Beat FM, Olisa Adibua has been sack as a director of Storm
360. His sack was confirmed through a press statement made available to us.
The statement reads, “Storm 360 confirms that Mr Olisa Adibua is no longer
a director of the company. This decision was reached at a properly constituted
company EGM
“Mr Adibua was a non-executive director of Storm 360 and has never been
involved in the management and operations of Storm
“The Company will not engage in public discussions about its internal
business operations.
“Storm is facing forward and continues to build upon its position as a
leading light in Nigeria’s entertainment industry and community
Thank you,
Board and Management of Storm 360
Obi Asika CEO Storm 360.”
However, Olisa has responded to the sack tale that has gone viral on the
internet. Below is his response:
“As a director
and founding shareholder of storm 360 Ltd, my attention has been drawn to
certain unfounded statements in the media about my alleged removal as director
of the company. There is therefore need to clear the air and put right the
mis-stated facts leading to the said publication.
and founding shareholder of storm 360 Ltd, my attention has been drawn to
certain unfounded statements in the media about my alleged removal as director
of the company. There is therefore need to clear the air and put right the
mis-stated facts leading to the said publication.
“Sometime in
2011, my attention as a director of the company was drawn to certain huge and
unauthorized withdrawals running on the company’s Naira and Dollar accounts.
Not having been supplied any explanation and having noted the fact that the
debits were to the benefit of unauthorized persons, the matter was reported to
d police for investigation.
2011, my attention as a director of the company was drawn to certain huge and
unauthorized withdrawals running on the company’s Naira and Dollar accounts.
Not having been supplied any explanation and having noted the fact that the
debits were to the benefit of unauthorized persons, the matter was reported to
d police for investigation.
“All efforts to
get the other members of the board to assist in the investigations proved
futile and while the investigations were on-going, a meeting of the company was
hastily called in which no notice was served on me and in which the
deliberations was conducted in the most clandestine manner.
get the other members of the board to assist in the investigations proved
futile and while the investigations were on-going, a meeting of the company was
hastily called in which no notice was served on me and in which the
deliberations was conducted in the most clandestine manner.
“For failing to
comply with legal requirements for such meeting, my solicitors have commenced
the necessary legal process to contest the glaringly invalid removal and set
same aside. The investigations into the fraudulent misappropriation of the
company’s funds are still on and upon conclusion will reveal all the
perpetrators of the fraud against the company which I and the other
well-meaning members of the company have striven to build.
comply with legal requirements for such meeting, my solicitors have commenced
the necessary legal process to contest the glaringly invalid removal and set
same aside. The investigations into the fraudulent misappropriation of the
company’s funds are still on and upon conclusion will reveal all the
perpetrators of the fraud against the company which I and the other
well-meaning members of the company have striven to build.
“The public is
advised to ignore such unabashed campaign of calumny as both criminal
investigations and judicial proceedings are on-going which will eventually set
the record straight. For the avoidance if doubt, I still remain a member of the
board of the company and any claims to the contrary are completely false–Olisa
Adibua, who also works as an OAP and MC, is a co-founder of Storm and owns 20
per cent shares of the company.”
advised to ignore such unabashed campaign of calumny as both criminal
investigations and judicial proceedings are on-going which will eventually set
the record straight. For the avoidance if doubt, I still remain a member of the
board of the company and any claims to the contrary are completely false–Olisa
Adibua, who also works as an OAP and MC, is a co-founder of Storm and owns 20
per cent shares of the company.”
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