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CBN Vs MTN: Court Hears Applications On $8.1B Fine For ‘scam’ In December - Business - Nairaland

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CBN Vs MTN: Court Hears Applications On $8.1B Fine For ‘scam’ In December by Atandakk: 11:28am On Oct 31, 2018
NewsmakersNG
http://www.newsmakersng.com/cbn-vs-mtn-court-hears-applications-on-8b-fine-for-scam-in-december/

Ololade Adeyanju/
A Federal High Court in Lagos is set to hear applications in the $8,134,312,397.63 fine slammed on MTN by the Central Bank of Nigeria (CBN) over alleged scam.
Justice Saliu Saidu has adjourned the hearing of preliminary objection filed by CBN and other pending applications in the suit filed by MTN Nigeria Communications Limited against the CBN fine till December 4.
Joined as a co-defendant is the Attorney General of the Federation AGF.
When the case was mentioned, Chief Wole Olanipekun SAN leading four other Senior Advocates of Nigeria and 15 other lawyers informed the court that CBN had filed defence and counterclaim to the suit filed by MTN and his client had also filed response to the said defence and counterclaim.
However, the counsel representing the CBN, Mr Seyi Sowemimo SAN, leading Mr Demola Akinrele SAN and nine other lawyers told the court that the CBN had filed a preliminary objection in addition to the already filed statement of defence and counterclaim, though the Attorney General of the Federation has not filed any defence.
Justice Saidu also observed that there was no proof of service before the court to show that the AGF had filed any response, though there is proof of services of other process filed by other parties.
Thereafter, by the agreement of the counsels of the two parties, Justice Saidu adjourned for hearing.
In a statement of claim jointly filed before the court by Chief Wole Olanipekun and four other Senior Advocates of Nigeria, MTN states that...http://www.newsmakersng.com/cbn-vs-mtn-court-hears-applications-on-8b-fine-for-scam-in-december/

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