Court denies FG power to seize MTN’s funds in Nigerian banks
Justice Mohammed Idris of the Federal High Court in Lagos has denied the Federal Government powers to seize all funds owned by MTN Nigeria Communications Limited in Nigerian banks, pending when the telecommunication company pays up the N1.4 trillion fine leveled against it by the NCC over its failure to deactivate unregistered sim cards. The Attorney General and Minister of Justice, Abubakar Malami (SAN), through his counsel, Dipo Okpeseyi (SAN), had in a motion filed before the court, expressed fears of MTN moving all its funds in Nigeria, since it was in their habit
by