Court Denies Access Bank’s Bid to Freeze MTN’s Accounts over N180.95bn Debt

Two banks have exceeded N500bn recapitalisation target – Report Business Hallmark

Only two Tier 1 banks, Zenith Bank and Access Holdings Plc, have exceeded the N500 bn share capital and share premium benchmark set by the Central Bank of Nigeria for banks with international licences, Proshare report has shown . The report, titled ‘Tier 1 Banks Report: Getting Bigger, Braver, and Dominant – The Class of […] The post Two banks have exceeded N500bn recapitalisation target – Report first appeared on Business Hallmark.

Access Bank fails in first attempt to freeze MTN Nigeria's accounts over ₦180bn debt claim

Access Bank’s move to freeze MTN Nigeria’s accounts over a ₦180.95bn debt has been dismissed by a Lagos court. The judge ruled there was no urgent risk to the funds.

Court rejects Access Bank's bid to freeze MTN Nigeria’s accounts over N180.95 billion debt

A Federal High Court in Lagos has declined Access Bank Plc’s request to freeze the bank accounts of MTN Nigeria Communications Plc. This dealt a blow to the bank’s attempt to secure an N180.95 billion debt claim tied to a long-expired infrastructure-sharing agreement with the now-defunct Multi-Links Telecommunications. The ruling, delivered by Justice Akintayo Aluko, underscores the complexity of a decade-old financial dispute that continues to …

Court denies Access Bank’s bid to freeze MTN’s accounts over N180.95bn debt

A Federal High Court in Lagos has refused a request by Access Bank Plc to freeze the bank accounts of MTN Nigeria Communications Plc over a disputed N180.95 billion debt claim arising from a defunct infrastructure-sharing agreement with now-collapsed Multi-Links Telecommunications. In a ruling delivered by Justice Akintayo Aluko, the court declined to grant a Mareva injunction — a freezing order — sought by Access Bank and three companies under …

Why Access Bank is Demanding N180 Billion from MTN?

Access Bank is demanding nearly N181 billion from MTN Nigeria, over a long-standing infrastructure-sharing deal gone sour. But what’s behind this enormous claim, and why did a court recently refuse to freeze MTN’s bank accounts? Let’s break down what’s really going on. How it started More than a decade ago, MTN and a now-defunct telecom … The post Why Access Bank is Demanding N180 Billion from MTN? appeared first on Business Elites Africa.