KEY POINTS

• Isa asks for a review of the Teleology share transfer ruling.
• He says that the first respondent broke his confidence.
• The Court of Appeal was urged to look at the matter again.

Alhaji Abubakar Isa has asked the Federal High Court in Abuja to change a decision made by Justice M. Umar on the illegal transfer of 43 million ordinary shares in Teleology Nigeria Limited.

The verdict, which came down on September 24, 2025, threw down Isa’s case since he didn’t have the legal right to sue.

Isa’s lawyer, Femi Atteh, SAN, filed the appeal on October 13, 2025. It was against the verdict that threw out his case against Seltrix Limited and eight other people.

Isa insists on right to sue in Teleology shares dispute

Justice Umar ruled that Isa failed to prove ownership of the 43 million shares he said Seltrix Limited held in trust for him. Isa, however, contends that the judge erred in law by failing to properly evaluate his statement of claim, which he said clearly established a trust relationship.

He argues that the trial court relied too heavily on affidavits attached to preliminary objections instead of focusing on his pleadings documents that, by law, determine a claimant’s standing to sue.

Isa argued, citing past judicial precedents, that when someone challenges a claimant’s locus standi, the court accepts all the facts in the claimant’s statement as true.

Appeal seeks review of ruling in Teleology shares dispute

Isa maintains that the first respondent breached a trust by retaining his shares, giving him legal grounds to sue.

He has asked the Court of Appeal to overturn the High Court’s ruling and order a reassignment of the case for a proper hearing. He also said the lower court overreached by deciding the existence of a trust, an issue meant for determination only at full trial.

In conclusion, The Registrar of the Federal High Court has summoned all parties for November 5, 2025, to settle the Record of Appeal in Abuja.