Okadigbo’s assets: Court picks February 2014 for ruling

An Abuja High Court in Maitama has fixed February 4 next year for judgment in dispute over the management of the assets of the late Senate President, Dr. Chuba Okadigbo, who died over 10 years ago.

Justice Folashade Ojo chose the date after parties adopted their written addresses on Tuesday.
Okadigbo’s eldest son Chaka and his brother Osagyefo are asking the court to among others, declare that the deceased’s widow, Margery, now a Senator, is not a beneficiary of the estate of her late husband.

The plaintiffs also seek the court’s declaration that Mrs. Okadigbo is entitled to share, with the deceased’s children, the assets and property of the late Senate president.

They urged the court to amend the letters of administration granted the Margery and his other son, Pharoah by substituting Pharoah for Chaka as co-administrator with the widow.

The plaintiffs also urged the court to direct Margery and Pharoah to account for the deceased’s estate.
The plaintiffs averred in a supporting affidavit that Margery had failed to render account for the funds accruing from the late Senate President’s bank accounts, stocks, shares in companies and royalty from published books and other properties.

In her defence, Margery argued that the action before the court is improper.
She added that there was a letter from Chaka authorising his younger brother, Pharoah to commence the process of obtaining a power of attorney.

She further claimed that it was on the strength of the letter that his brother became a joint executor of the estate.