Facts:

The Appellant is a shareholder and director in the 1st Respondent company, Drillog Petro-Dynamic Limited. For approximately 26 years since the incorporation of the 1st Respondent, the Appellant served as its Managing Director until his removal on 10th May 2016.

Aggrieved by the decision of the board of directors to remove him as a director, the Appellant while still retaining his status as a director, the Appellant initiated legal proceedings at the Federal High Court, Lagos Division, by way of petition under Sections 310 and 311 of the Companies and Allied Matters Act (CAMA) 2004 and Rule 4(i) of the Companies Proceedings Rules.

After considering the submissions and evidence before it, the trial Court in its judgment delivered on 23rd day of January 2020, dismissed the petition and basically held that the matters raised by the Appellant fell within the lawful powers of the board of directors and did not constitute illegality, oppression, or unfair prejudice as alleged.

Further aggrieved by the decision of the trial Court, the Appellant appealed to the Court of Appeal.