Who is in charge of Vedic Lifecare Nigeria Limited? Court to decide   

The court scheduled May 21, 2025, for judgment after lawyers for both parties orally adopted their final written addresses regarding the company’s incorporation, registration, and associated multimillion naira share allotment on Monday.

In court documents exclusively reviewed by Naijaonpoint, Okpala and Praskash are battling over the structure of the allotted shares in the company, which is worth millions, and who should have significant control over the medical facility and its branches, based on expertise, investment, and other factors.

Dragged into the legal dispute are the Medical and Dental Council of Nigeria, the Lagos State Health Facility Monitoring and Accreditation Agency (HEFAMAA), Praskash, Linda Alaomah, Pius Olarewaju, Vedic, and five commercial banks.

The case also touches on the Medical and Dental Practitioners Act, which stipulates the minimum standards that must be observed regarding the certification and registration of holders of foreign medical or dental qualifications before they are allowed to engage in any form of medical practice in Nigeria.

“The plaintiff has, from year to year since 2012, renewed the registration on an annual basis,” Okpala claimed, maintaining that, by that registration, regulatory authorities recognized him as the operating officer in charge of Vedic.

“The averments contained in those paragraphs are either contrived or outright fabrications,” they stated in a formal defense seen by Naijaonpoint.

Naijaonpoint reports that this pending lawsuit, marked FHC/ABJ/CS/1516/2021, was scheduled for adoption before Justice Inyang Ekwo of the Federal High Court in Abuja on March 3, 2025.

After hearing arguments from both sides, the judge fixed May 21, 2025, for judgment, adding that he might deliver it earlier if it is ready before the scheduled date.

As this legal battle unfolds, all eyes will be on the courts to determine the ownership tussle over Vedic Lifecare Nigeria Limited.