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Monday, June 20, 2011

Late FRA Williams' four sons fight over father's N26b estate gets messier

Culled from City People Magazine

The 6yr-old rift among the four sons of late legal icon, Chief Folarin, Rotimi Abiola Williams, over how to share his vast estate is getting messier.

What is at stake among Ladi, Kayode, Folarin and Tokunbo is how to share the N26billion estate their father left behind when he died six years ago. As at press time, there were several cases in court. Several petitions have also been lodged with the EFCC and the police have been brought in to help solve the unending disputes among the brothers.So bad has the situation become that the four brothers who are from same father and mother don't talk and they have been divided into two different camps. Ladi and Kayode are on one side, while Folarin and Tokunbo are on the other side. Their four wives don't also talk, so also the grandchildren, many of whom are lawyers.

Equally pathetic is the fact that the kids of Ladi and Kayode who are lawyers can't practice in their grand father's law firm because the firm is being controlled by their uncle, Folarin.

What has made the crisis messy is the recent report by the police on the ongoing case concerning the brothers. The case has to do with an allegation of conspiracy and forgery of documents of a company called United Investments Limited, the family company the late FRA set up before he died, under which he put all his investments. What led to the police investigation was Folarin and Tokunbo's complaint about alleged forgery of documents of the family's company.

Details of the report obtained in court and pleaded as an affidavit filed in court by the police has further pitched the four brother against each other. The office of the Inspector General of Police was dragged into the dispute late last year when the IG was served with a process of contempt proceedings dating Oct 6 2010 but served on Feb 4, 2011, issued from the federal high court.

Long report, let me stop here...too messy! After all said and done, everyone will leave this earth the way they came...with nothing! www.mannastores.com

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