Greif Nigeria Plc completes voluntary winding up, begins final payout to shareholders

Greif Nigeria Plc has officially concluded its voluntary winding-up process, as disclosed to the Nigerian Exchange Group and the investing public.

The liquidation, which commenced on 31 January 2022, involved the full realization of the company’s assets, mainly cash totaling N542,673,106.46.

All creditors were duly notified through newspaper publications, and all verified liabilities, including taxes and liquidation expenses, were fully settled.

According to the audited liquidation accounts as of 30 September 2025, the company received a total of N542.67 million and paid out N142.72 million to settle trade and other payables, taxes, and liquidation costs.

A final distribution of N399,953,008.00, equivalent to N9.00 per share, has been approved for shareholders.

At the Final General Meeting held on 10 November 2025 at NECA House, Alausa, Ikeja, Lagos, the Liquidator presented the final audited accounts for shareholders’ review.

The accounts were unanimously approved after deliberation. Disbursement of the final payout began on 24 November 2025 through All Crowns Registrars Limited.

The minutes of the meeting and the final audited accounts are presently being filed with the Corporate Affairs Commission in line with 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 later, as provided by law.

The Liquidator confirmed that all regulatory, legal, and financial obligations have been fully met and that no outstanding liabilities remain.