Greif Nigeria Plc has concluded its members’ voluntary winding-up process, bringing the company to the final stage before formal dissolution, according to the Liquidator’s report dated November 27, 2025.
The Corporate Affairs Commission (CAC) is expected to issue the Notice of Dissolution after completing its review, following which the company will be legally dissolved in accordance with the Companies and Allied Matters Act (CAMA) 2020.
The liquidation, which commenced on 31 January 2022, involved a full realisation of the company’s assets, consisting primarily of cash balances totalling ₦542.67 million.
All creditors were duly notified through public notices, and verified liabilities, including trade payables, taxes, and liquidation expenses amounting to ₦142.72 million, were fully settled.
Following the settlement of all obligations, a final distributable balance of ₦399.95 million was approved for shareholders, representing a payout of ₦9.00 per share.
Disbursement of the final dividend commenced on 24 November 2025 through the company’s registrars, All Crowns Registrars Limited.
At the Final General Meeting held on November 10, 2025, shareholders unanimously approved the audited liquidation accounts as at September 30, 2025, alongside the Liquidator’s comprehensive report.
The minutes of the meeting and the final audited accounts have since been filed with the CAC in line with Section 631(3) of CAMA 2020.
The CAC, upon reviewing the documentation, will issue its statutory Notice of Dissolution, after which Greif Nigeria Plc will be considered dissolved three months from the date of the notice, pursuant to Section 631(4) of CAMA.
Liquidator Inam Wilson, SAN, confirmed that the company has met all legal, financial, and regulatory obligations and that no outstanding liabilities or unresolved matters remain.
He further assured stakeholders of full compliance with statutory requirements throughout the winding-up process.
The completion of the voluntary liquidation formally ends Greif Nigeria Plc’s corporate existence, following the distribution of all assets in accordance with Nigerian company law.