AGM: FBN Holdings Urges Appeal Court To Set Aside Interim Order

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FBN Holdings Plc has urged the Lagos Division of the Court of Appeal to set aside the ex-parte order of the Federal High Court, which stopped the bank’s

The Holding company, in a Notice of Appeal filed on its behalf by its team of lawyers led by Mutalubi Adebayo , is also asking the upper court for an order allowing its appeal and an order directing that a different Judge of the Federal High Court Lagos be assigned to hear the substantive matter.

The lawyer further argued that the lower court lacked the jurisdiction to grant the ex-parte order because the condition precedent under the Federal High Court Rules for the hearing of the suit was not met by the petitioners. Three aggrieved FBN Holdings Plc shareholders, Olojede Adewole Solomon, Adebayo Oluwafemi Abayomi, and Ogundiran Emmanuel Adejare, had approached the court presided over by Justice Nicholas Oweibo seeking an order stopping the bank’s Annual General Meeting scheduled for August 15 pending the hearing of their suit number FHC/L/CP/1575/23.

 

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