Greif Nigeria Plc has formally concluded its members’ voluntary winding-up process, marking the end of the company’s operations after the full realisation and distribution of its assets.
The update was announced by the Liquidator, Inam Wilson, who confirmed that all statutory and regulatory requirements had been met.
In an official statement sent to the Nigerian Exchange Limited (NGX) on Thursday, Wilson said, “This announcement is to notify the Nigerian Exchange Group and the investing public that the members’ voluntary winding up of Greif Nigeria Plc has now been completed.”
According to the Liquidator, the process began on January 31, 2022, with the orderly liquidation of the company’s assets, which consisted mainly of cash balances totalling N542,673,106.46. He explained that all stakeholders were adequately informed throughout the procedure.
“All known creditors were duly notified through newspaper publications, and all verified liabilities, including tax obligations and liquidation expenses, were fully settled,” Wilson disclosed.
The audited liquidation accounts as of September 30, 2025, show total receipts of N542.67 million, from which N142.72 million was expended on creditor payments, taxes, and liquidation costs. The remaining N399,953,008, representing N9.00 per share, has been distributed to shareholders.
The company held its Final General Meeting (FGM) on November 10, 2025, at NECA House, Alausa, Ikeja, where the Liquidator presented the final audited accounts to shareholders. Wilson noted that the meeting concluded with unanimous approval.
Following this approval, shareholders began receiving payments through the company’s registrars, All Crowns Registrars Limited, which commenced disbursement on November 24, 2025.
Wilson added that the regulatory filings required to finalise the dissolution have been submitted to the Corporate Affairs Commission (CAC).
“The minutes of the Final General Meeting and the Final Audited Accounts are being filed with the CAC pursuant to Section 631 (3) of CAMA 2020. Upon approval, the CAC will issue a Notice of Dissolution, after which the Company will be deemed dissolved three months thereafter,” he said.
The Liquidator also affirmed that the process leaves no loose ends, stating that “all legal, financial, and regulatory obligations have been duly complied with, that there are no outstanding liabilities, and that no further matters remain pending in respect of the Company.”
The dissolution of Greif Nigeria Plc will become effective three months after the CAC issues its Notice of Dissolution, in accordance with the Companies and Allied Matters Act (CAMA) 2020.
