Greif Nigeria Plc (NGX: VANLEER), one of Nigeria’s oldest industrial packaging companies, has announced significant milestones in its voluntary winding-up process.
Headquartered in Apapa, Lagos state, the company specializes in the production and marketing of steel drums, plastic containers, and sheet metal products.
Greif Nigeria Plc, in a regulatory filing addressed to the Nigerian Exchange Group and the investing public dated June 2, 2025, and signed by the company’s liquidator, Inam Wilson, confirmed that Greif Nigeria Plc has entered the third and final stage of its members’ voluntary liquidation.
Recall that at the 84th Annual General Meeting (AGM) of Greif Nigeria Plc which was held at NECA HOUSE (Main Auditorium), Plot A2, Hakeem Balogun Street, Central Business District, Alausa, Ikeja, Lagos on 31st January, 2022, the shareholders approved its voluntary liquidation.
In the notice, Wilson said that all company’s tax obligations and outstanding liabilities have been fully settled. He noted that preparations of the final account are almost complete.
This milestone paves the way for the company to finalize its liquidation proceedings with the Corporate Affairs Commission (CAC).
In line with regulatory and procedural requirements, the company’s registrars, All Crown Registrars, are initiating the process of dispatching notices for the company’s final general meeting of shareholders as well as the company’s liquidation account.
The liquidation account will be reviewed by shareholders at the forthcoming final general meeting. The date is yet to be announced. W
If approved, the final documentation will be filed with the CAC, thereby concluding the dissolution of Greif Nigeria Plc.
This final filing will formally mark the end of Greif Nigeria Plc’s corporate existence in Nigeria.
The last financial statements released by the company was for 2022 second quarter.
No revenue was reported similar to 2020 and 2021 financial statements.
Greif Nigeria Plc has 42,640,000 outstanding shares and its last trading price was N5.45 per share.
The company, has experienced a prolonged decline in its stock performance following its listing on the Nigerian Exchange in 2011. It has dropped by 57% from N13 at listing to N5.45.
Ifunanya Ikueze is an Engineer, Safety Professional, Writer, Investor, Entrepreneur and Educator.
