Ikeja Hotels: Goodie Ibru Fights Back, Says Removal is Illegal

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Well, it appears the controversy surrounding the removal of Goodie Ibru as chairman of Ikeja Hotels Plc is not about to end anytime soon. He was controversially removed last week after a purported EGM that was held outside the premises of Sheraton Hotel Plc.

Goodie Ibru responded to his removal via an open editorial in Friday’s Punch and sighted the court injection he obtained.

The Security and Exchange Commission released a statement last week saying it was “keenly monitoring developments” and would intervene in the fund in due course. They also went on to allay shareholders concerns insisting that their investments are safe. Whilst this response was welcomed it was tepid and lacked the assertiveness one should expect in a after such as this. Understandable the matter is in court already so SEC as well may want to thread carefully.