Greif Nigeria Plc has completed its members’ voluntary winding-up process and begun returning funds to its shareholders, marking its final steps toward exiting the Nigerian Exchange (NGX).
According to the Liquidator, Inam Wilson, SAN, the winding-up exercise started on January 31, 2022, and has now culminated in the approval and initiation of a final distribution of ₦399.95 million to shareholders.
How the money is being shared
Total realised assets: ₦542.67 million (mostly cash balances) while Verified liabilities, including: Taxes, Trade payables, Liquidation expenses totalling ₦142.72 million have all been fully settled.
- Balance available to shareholders: ₦399,953,008.00
- Final payout: ₦9.00 per share
Disbursement to shareholders started on November 24, 2025, and is being handled by All Crowns Registrars Limited, the company’s registrars.
Shareholders approve final accounts
At the Final General Meeting held on November 10, 2025, shareholders:
- Unanimously approved the audited liquidation accounts for the period ended September 30, 2025
- Adopted the Liquidator’s final report
The minutes of the meeting, together with the final accounts, have been filed with the Corporate Affairs Commission (CAC) in line with Section 631(3) of the Companies and Allied Matters Act (CAMA) 2020.
The CAC will review the filings and issue a Notice of Dissolution under Section 631(4) of CAMA 2020, before the company will be formally dissolved three months after that notice is issued.