Lumosa Family Sacks Two Of Its BOT Members For Alleged Misappropriation Of Tinubu’s Estate’s Funds

*Says court steps shall be taken to formalize the process

The Lumosa Family of Madam Tinubu has sacked two of its members representing the family in the constituted Board of Trustee appointed by the High Court of Lagos state in 2002.

TheNigeriaLawyer learnt that the affected BOT members are Alhaji Shittu Adio Kassim Lumosa and Alhaji Shafiu Kassim Lumosa.

In a communiqué issued and signed by the secretary of the Lumosa family Monsur Lawal, after the meeting which was sent to sobowale family on the 22nd May 2021 reads as follows:

“We hereby notify you that in our General Meeting held on the 20th of May, 2021 at No.112, Agura Road, Gbagura, Abeokuta, O…
[6:48 pm, 26/05/2021] Ice: Lumosa Family Sacks Two Of Its BOT Members For Alleged Misappropriation Of Tinubu’s Estate’s Funds

*Says court steps shall be taken to formalize the process

The Lumosa Family of Madam Tinubu has sacked two of its members representing the family in the constituted Board of Trustee appointed by the High Court of Lagos state in 2002.

TheNigeriaLawyer learnt that the affected BOT members are Alhaji Shittu Adio Kassim Lumosa and Alhaji Shafiu Kassim Lumosa.

In a communiqué issued and signed by the secretary of the Lumosa family Monsur Lawal, after the meeting which was sent to sobowale family on the 22nd May 2021 reads as follows:

“We hereby notify you that in our General Meeting held on the 20th of May, 2021 at No.112, Agura Road, Gbagura, Abeokuta, Ogun State, the whole family has agreed to dissolve the house, especially our BOT members on the ground that they are not representing the family as expected of them and we cannot allow the good image which our forefathers left behind to derail.

“effective from this date, any person or group of persons that deal with documents signed by any of our dissolved BOT members is null and void and not on behalf of the Lumosa family. Normal court steps shall be taken later to formalize the process.

“We shall inform you of further development in due course.”

The family raised many allegations against the sacked members. That the sacked members appointed lagoon Park Global resource without the consent and knowledge of the family and other members of BOT from Sobowole family as Attorney to the Estate.

The family added that the sacked members also secretly appointed a dissident family member who will support their illegality from Sobowole family whose earlier nomination to fill in the gap created by the death of one the trustee from the branch was withdrawn.

Other allegations were that in the affidavit filed in court for the appointment, Alhaji Kasim Adio Lumoss deposed to misleading and false information to the court that Sobowole family and one of the trustees from that family had consented to nomination of one Temilola Daud Adesanya who is also a member of Sobowale to be appointed to fill in the gap created by the death of Mr Bilade Lahan a fact which he know is false but deliberately foisted on the court.

The family also accused the two members of the trustees of conniving with or are trying to use Lagoon Park Global Resource Ltd for the purpose of conferring personal benefit to themselves exclusively. They also appointed one Professor Imran Oluwole Smith (SAN) as family legal representative without the knowledge of the two families and other trustee in flagrant violation of family ethics and ethos.

Furthermore, the family alleged that the sacked members organised press conferences and issued press releases at different time and fora the lasts being on the 16th May 2021 at Abeokuta where they falsely informed the whole world that the power of attorney issued to Adamakin Investment and works Ltd, by the trustees and endorsed or approved by the family was revoked and Lagoon Park is the new attorney. This singular act alone is capable of soiling the worthy values the family stood for and had been enjoying for century

They also note or discovered hundred millions of naira were collected from Adamakin investment and works Ltd on behalf of the Family with other benefits and were either misappropriated or were kept to themselves or gave pittance of the sums to the larger family to share while they hold on the larger piece or sums of the money. This also put their trust and confidence to continue to represent the family on Board in suspect because it is clear a betrayal the repose in them.