There is no contempt suit against FBN Holdings Plc or its officials before the Federal High Court sitting in Lagos, a Senior Advocate of Nigeria (SAN), Mr. Mutalubi Ojo Adebayo, has told CITY LAWYER.

Adebayo, who is the firm’s lawyer, said reports alleging that the court adjourned till August 23 to hear a motion seeking to commit officials of FBN Holdings Plc to prison for alleged contempt of court were incorrect.

According to the senior lawyer, what the court adjourned for was to hear all pending applications in the suit filed by three aggrieved shareholders of the company. The shareholders/applicants are Olojede Adewole Solomon, Adebayo Oluwafemi Abayomi, and Ogundiran Emmanuel Adejare.

The applicants had obtained an order of court restraining FBN Holdings Plc from proceeding with its annual general meeting (AGM) on Tuesday, August 15. They also filed Form 48 titled “Notice of consequences of disobedience to order of court”

But FBN Holdings said it was not in contempt. The company said it had filed and served on the petitioners the necessary processes and Notice of Appeal challenging the order and seeking that same, as well as the entire proceedings, should be set aside.

According to the company, this paved the way for the AGM to proceed on August 15, as earlier scheduled.

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