The court, under Suit FHC/L/CP/1575/23, has issued an order titled: “NOTICE OF CONSEQUENCES OF DISOBEDIENCE TO ORDER OF COURT.”
The notice states: “To: MR NNAMDI OKONKWO, THE GROUP MANAGING DIRECTOR OF FBN HOLDINGS PLC.
“TAKE NOTICE that unless you obey the directions contained in this order attached, you will be guilty of contempt of court and will be liable to be committed to prison.”
In a ruling last Wednesday, the court restrained FBN Holdings from proceeding with its AGM, originally scheduled for August 15, 2023, pending the hearing and resolution of the main matter brought before it by the petitioners.
Justice Nicholas Oweibo issued the order after considering an ex-parte application presented by Muiz Banire (SAN), along with Kunle Adegoke (SAN) and Seun Onabowu, the legal representatives for the petitioners/applicants, in Suit number FHC/L/CP/1575/23.
Justice Oweibo’s ruling directed FBN Holdings Plc to suspend its planned AGM until the issues presented to the court are addressed.
The order states, “Upon reading the affidavit in support of the motion; ex-parte and exhibits attached, thereto sworn to by Adebayo Oluwafemi Abayomi, Male, ‘Christian, Nigerian, Businessman of 4, Lawani Close, Off Gaskiya Road, Ijora, 7 Up Apapa, Lagos State and a written address in support of the Motion Ex-parte dated 8th day of August, 2023.
“It is hereby ordered as follows: “An Order of Interim Injunction restraining the Respondent (FBN Holdings Plc), whether directly by itself, or indirectly through its directors, managers, officers, employees, servants, consultants, attorneys, agents, representatives, privies, however so called, persons acting under its instructions and control, from holding, or taking any step to hold, or proceeding with the proposed Annual General Meeting of the Respondent scheduled to hold on the 15th day of August, 2023 by virtual means, pending the hearing and determination of the Motion on Notice already pending before this Honourable Court
“And for an order or other orders as this Honourable Court may deem fit to make in the circumstances.”
The proceedings in the case are set to continue on Wednesday, August 16.
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