A Federal High Court in Ikoyi, Lagos, has issued an interim injunction preventing PZ Cussons Nigeria Plc and its parent company, PZ Cussons (Holding) Limited, from proceeding with an Extraordinary General Meeting (EGM) earlier scheduled for Thursday (today) March 13, 2025.
The injunction, with the suit number, FHC/L/CS/467/2025, followed an application by Chukwuma Ajene, who sought to halt the meeting and any related decisions that could affect his rights as a shareholder.
In the order issued on March 12, 2025, the court directed all parties to maintain the status quo until a full hearing of the case on April 1, 2025.