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Friday, September 22, 2023

No Court Order Stopping AGM From Holding – FBN Holdings

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FBN Holding Plc, says that its Annual General Meeting (AGM) will hold as scheduled for August 15th 2023 and looks forward to the attendance and participation of Shareholders at the event.

“The Company as at the date hereof has not been served with any court order to stop the forthcoming AGM,” FBN Holdings said.

“Suffice to mention that the AGM is a statutory meeting of Shareholders that must be held in accordance with the law, further to which the Company will notify the regulators and the public as appropriate if there is any lawful order to restrain the Company from conducting same.”

Some shareholders of First Bank of Nigeria (FBN) Holdings protested in Lagos on Monday over alleged attempt to prevent the financial institution from holding its Annual General Meeting (AGM) as scheduled

The minority shareholders who gathered in front of the headquarters, held placards and demanded that the institution be allowed to carry out its statutory duty of holding AGMs.

There has been a tussle over stakes of FBN Holdings following the acquisition of majority interest by a company related to billionaire businessman, Oba Otudeko.

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