Nigerian court dismisses minority shareholder's lawsuit against FBN Holdings AGM claims as moot.

A Nigerian court has dismissed a lawsuit by minority shareholder Tohir Folorunsho Ismaila against FBN Holdings regarding its 12th annual general meeting (AGM). Ismaila claimed the AGM was improperly convened and lacked proper notice. However, the court ruled that the AGM had been canceled, rendering the claims moot, and found the case outside its jurisdiction. This decision effectively ended the legal challenge against the company's AGM procedures.

September 17, 2024
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