Yusuf Alli and Oluyinka Akintunde

Investigations by our correspondents at the Corporate Affairs Commission, Abuja, showed that Adedibu is a major shareholder in HUA Engineering Nigeria Limited.

In an earlier story, THE PUNCH had erroneously referred to Adedibu痴 company as HUA Nigeria Ltd, instead of HUA Engineering Nigeria Ltd.

Adedibu had in an interview with THE PUNCH admitted that only his children were shareholders in the company.

He had said, 典he company does not belong to me. But my children are shareholders in the company. I don稚 see anything wrong in awarding the contract to the company because it was done through competitive bidding.

鉄ince 1929 when the hall was built, no government has done any repair work before now. I now visit the site three times a day to ensure that the work is not delayed.・

But a latest search report at the CAC, on April 26, 2006, showed that Adedibu is the largest shareholder in the company.

The directors/shareholders of HUA Engineering Nigeria Limited are: Adedibu, N500,000 shares; Mr. Jubril Adedibu, N300,000 shares; Mr. Kamorudeen Adekunle, N100,000; Alhaja Adija Sulaiman Maito, N50,000 shares; and Mr. Morufu Ige Adegboyega, N50,000 shares.

The search revealed the company痴 address as SW8/596, Obafemi Awolowo Way, Molete, Ibadan.

It indicated that HUA Engineering Nigeria Limited increased its share capital from N100,000 to N1million on January 5, 1999.

The company was however registered as a manufacturing firm with the main objects as: 典o act as manufacturers of bare copper wire, flexible cord, steel, P.V.C, P.E. natural rubber, insulated wire and cables; telephone cables and mechanical aids for cable construction and maintenance.・

The findings also confirmed that HUA Engineering Nigeria Limited filed its annual returns last with the CAC in 2002.

The latest search report from the CAC puts to rest the controversy over the owners and the identity of the company that is renovating Mapo Hall.

THE PUNCH, Friday April 28, 2006