By Our Reporter
Corporate Affairs Commission, Abuja
It has come to light that the Corporate Affairs Commission appears to have maintained a loud silence over allegations of corporate fraud made against the Maker of ALABUKUN pain killer drug, Koye Odulate (also known as Rotimi Odulate), for fraudulent documentation purporting to have removed Mrs Rihole Odulate, now ex-wife of Mr Odulate, from the board of Directors of Kuramo Industries Nigeria Limited. This is revealed in an investigation carried out by Elrufai News Magazine (ENM) over the matter that began several months ago.
In a letter sent to the Inspector General of Police, lawyers to Ms Rihole, Baron and Stagger, alleged that Mr Odulate in conjunction with a few other private individuals conspired to present false documentation to the CAC and upon which the Commission acted, a situation that had given legal backing to some false claims Odulate made with regard to foreign assets of Kuramo Industries Nigeria Limited. In the petition dated December 20, 2022, the petitioners informed the Inspector General that all the documents submitted to the CAC by Mr Odulate over the removal of Ms Rihole were fraudulent and that the matter should be investigated. It was the expectation of the petitioners that CAC, having been informed by the IG of police, would take action and bring the perpetrators of the alleged fraud to justice. But months after, no action has been taken.
In the course of investigation, ENM contacted the CAC to find out what they knew about the allegation and what they have done about it according to law. However, CAC’s phone number, 07080629000, as is characteristic of most government institutions in Nigeria, did not work. The email sent to CAC through their website also has not been responded to days after it was sent.
It would be recalled that ENM reported on the origin of this action taken by Odulate. His wife had alleged assaults for which she left their home and filed for divorce in a UK court. In the proceedings, the court dissolved the marriage as well as ordered that Odulate should pay for the upkeep of his two children who were with their mother, Ms Rihole.
But Odulate refused to obey the court order and embarked on series of actions that, according to the lawyers, had caused serious harm to Ms Rihole, her family members, her business, and her reputation. As the lawyers stated in the petition, one of the actions taken by Odulate was to remove Ms Rihole from the board of Directors of Kuramo Industries Nigeria Limited without her knowledge, and falsifying company documents to back his claims. They equally alleged that Odulate made accusations of financial fraud to the police over Metro Group, a company he co-owned with Ms Rihole, and this led to police harassment even though there was a court order to maintain status quo.
In the petition submitted to the Inspector General of Police by lawyers to Ms Rihole, they stated that,
