BY Innocent Anaba

A Federal High Court sitting in Lagos, yesterday, restrained Alhaji Kashim Ibrahim, Mr. Terngu Tsegba and other shareholders of First Guarantee Pension Limited from convening or holding any annual general meeting of the company.

Trial judge, Justice Okechukwu Okeke, also restrained them from acting on the directive of the Corporate Affairs Commission, CAC, pending the hearing and determination of the motion on notice dated July 5, 2012 and adjourned till July 24, hearing in the substantive suit.

The court also ordered that the application for the discharge or variation of the order could be heard by any of the court’s vacation judges.

Mr. Derrick Roper and Novare Holding Proprietary Limited, who had brought the suit, also gave an undertaking as to damages in the event that it turns out that the order ought not to have been made.

The company was to hold its annual general meeting in Abuja, today, Friday.

The court ordered: “That Alhaji Kashim Iman and all the shareholders of First Guarantee Pension Limited he purports to represent, including Mr. Tsegba, First Guarantee Pension Limited and CAC sought to be joined, by themselves, officers, agents, servants or privies or howsoever, are restrained from convening or holding any general meeting whatsoever, pending the hearing and determination of the application dated July 5, 2012 filed herein. “That the motion on notice dated July 5, 2012 is adjourned to July 25, 2012 for hearing.