Court withholds N7.15bn bank’s funds over dispute

FHT Mega Express Limited has initiated legal proceedings against Parallex Bank Limited, the Central Bank of Nigeria (CBN), and the Nigeria Deposit Insurance Corporation (NDIC), before the High Court of the Federal Capital Territory. In the case presided over by His Lordship, Justice Hauwa Lawal Gummi, the court granted an interim order, compelling the CBN […]