“The company is at law a different person altogether from the subscribers to the memorandum; and though it may be that after incorporation the business is precisely the same as it was before, and the same persons are managers, and the same hands receive the profits, the company is not in law the agent of the subscribers or trustee for them. Nor are the subscribers as members liable, in any shape or form, except to the extent and in the manner provided by the Act.” Per T. O. ELIAS, C.J.N. in K.R. RAMANCHANDANI V. MISS BASSEY O. EKPENYONG (1975-LCER-1017-SC) at P. 9,