MKO Abiola’s Children In Legal Battle Over Radio Communication Nigeria Limited Administration

“Chief M.K.O Abiola and Alhaja Simbiat Atinuke Abiola continued to act as Directors of the company until their demise. The first director, Chief M.K.O Abiola died on 7th July, 1998, however the second director and subscriber predeceased the first director following her death earlier in time.
“The company Radio Communications Limited RCN thereafter became inactive and moribund following the demise of its two principal officers as subsequent directors have not been appointed by the authorized representatives of the company by virtue of her three decades of legal practice experience, she is aware that deceased directors of a company can only act through its personal representatives upon order of a court to substitute or amend the register of directors at the corporate affairs commission.
“The shareholding interest of a deceased director reverts to the estate administrators as long as it is not specifically assigned to a beneficiary as they have exclusive authority to deal with the shares on behalf of the beneficiaries. Following the demise of all the directors, the directorship of the company reverted to the estate of its personal representatives and Administrators.
“By his last will and Testament of 25th day of October, 1989, he appointed National Westminister Bank Plc of England as his Executor and Trustee of his Will. The majority shares of RCN were not specifically assigned to any of the beneficiaries under the last will and testament of Chief M.K.O Abiola. Late Chief M.K.O Abiola also by the said Will desired, and so appointed Rodney Timore Timpson of the Round House 34a, High Street. Petersfield Hampshire, GU32 3JL as his Solicitor.
“Late Chief M.K.O Abiola in the Will empowered the Trustees/ Executor to appoint such other administrators to the Estate to administer the estate where properties or companies. are outside the United Kingdom, upon such terms and generally in such manner as his trustees shall from time to time in their absolute discretion think fit and to delegate to any such Attorney Administrator all or any powers conferred upon his trustees by Law of his Will.
“The National Westminster. Bank Plc of England in the exercise of its power under the Will of 25th day of October, 1989 appointed Administrators to the Estate of Late Chief M.K.O Abiola. On the 6th day of October, 2004 the Probate Registrar of the High Court of Justice, Winchester granted and issued probate letters to (1) Timothy Hugh Daniel of 43. Fetter Lane. London, EC4a IJU, (2) Adam Broke International Press Centre, 76 Shoe Lane. London, EC4A 3JB and: (3) Kolawole Olatokunbo Abiola of No.5. Farombi Ajike Street, Maryland, Lagos.
“However, by the Order of the High Court of Justice, Chancery Division of the Master Moncaster, England dated 7th July 2010. F. Boma A. Alabi OON, (Formerly known as Boma Ozobia) was appointed as a personal Representative of the late Chief M.K.O Abiola Estate to take over the Estate Administration from Adam Broke who could no longer continue to act by reason of his retirement. She then applied on behalf of the Administrators to the High Court of Lagos State in Suit No: ID/1046M12010 for re-sealing of the Probate grant to enable the administration of the deceased estate in Nigeria,”