FBN Holdings Plc and the Central Bank of Nigeria (CBN) have urged the Federal High Court Lagos to dismiss a lawsuit instituted by Barbican Capital Limited, an affiliate company of Honeywell Group Limited, seeking a declaration that its shareholding in FBN Holdings stands at 5.39 billion shares.
The two made the request on 8 August 2024, according to a court document obtained by PREMIUM TIMES, noting that “the case of the plaintiff is clearly academic and ought to be dismissed.”
“We submit that the case of the plaintiff is tainted with mischief and malafide, hence, it qualifies as an abuse of the process of this Honourable Court,” the document said.
