Court freezes Osun accounts over $13.9m arbitration award

AI Summary

A Federal High Court in Lagos ordered banks to freeze transactions on accounts operated by the Osun State Government. The interim order follows a request by Gamji Nigeria Company Limited to enforce a $13.9 million arbitration award in its favor.

By Nnamdi Ojiego The Federal High Court in Lagos has ordered commercial banks to place a ‘Post No Debit’ restriction on accounts operated by the Osun State Government over a $13.9m arbitration award in favour of Gamji Nigeria Company Limited.Justice D.E. Osiagor issued the interim order following an application filed by Gamji through its counsel, […] The post Court freezes Osun accounts over $13.9m arbitration award appeared first on Vanguard News.