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Court nullifies First Guarantee Pension’s extra-ordinary general meeting

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A Federal High Court sitting in Abuja has nullified the extra-ordinary general meeting of First Guarantee Pension Ltd purportedly held on July 8, 2019 and February 20, 2020.

Justice Taiwo O. Taiwo held that the meeting, having not been convened by the firm’s Board of Directors of which the Plaintiff, Patrick Oziokoja Asadu was a member and Vice Chairman, was not duly convened and was therefore null and void.

He set aside the extra-ordinary general meetings together with all decisions and resolutions reached therein.

The meeting had purportedly removed Asadu from office.

But the judge nullified Asadu’s removal as Vice Chairman, holding that the meeting at which this was purportedly done was not duly held.

Furthermore, he nullified the removal of Alhaji Kashim Ibrahim as the Board Chairman of the firm.

The judge also made an order of perpetual injunction restraining the defendants from acting on any decisions or resolutions reached at the extra-ordinary general meetings.

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