A Federal High Court in Lagos, Nigeria on Tuesday barred MTN from moving funds from any of the country's bank pending the hearing of a suit challenging the N1.4 trillion ($5.2 billion) fine imposed on it by the Nigeria Communications Commission (NCC).
Nigeria's government recently brought a motion restraining 21 commercial banks from releasing funds to the telecommunications company.
“The FG seeks an order of Mareva injunction [a court order which requests assets be frozen] restraining the afo…
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