Tag: Lekan Akinyanmi

New Jersey Court Orders Arbitration in Akinyanmi Vs Lekoil Cayman Suit

Efe Wellington

The New Jersey court hearing the application challenging the hostile ouster of Lekan Akinyanmi as the Chief Executive Officer of Lekoil Cayman Limited, on June 14, 2022, ordered a stay of all proceedings in the matter pending the arbitration the court has ordered. Akinyanmi, Chief Executive Officer of Lekoil Nigeria Limited, filed an action in the Superior Court of New Jersey on September 24, 2021, with case number MER-L-001733-21, claiming breach of contract in the termination of his employment contract through a process fraught with irregularities and for which he…

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Corporate Takeovers: Contextualising the Savannah Move on Lekoil, By Tope Ajayi

Tope Ajayi

Business is war! That is the thrust of what people learn in business school, and from the preponderance of available literature on business and strategy. Business owners, boardroom tacticians, and corporate raiders pursue business interests just like battle-tested generals at the war front, who must deploy all the arsenal at their disposal to win. The stories of hostile business takeovers around the world are too numerous to list. There are a number of very famous case studies on hostile takeovers, including those involving Kraft Foods Inc. and Cadbury Plc, InBev…

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