Energy distribition and marketing firm’s bickering with UBA degenerates A Federal High Court sitting in Lagos has restrained Integrated Energy Distribution and Marketing Company Ltd (IEDMC) and Polaris Bank from tampering, howsoever, with funds standing to their credit up to $6,759,000 (about N2.8 billion) or its equivalent in any currency in 25 banks, the Debt Management Office and Federal Ministry of Finance. Justice Daniel Osiaigor, who made the interim order of Mareva Injunction, held that it subsists pending the hearing and determination of a motion on notice filed against…
Read MoreIntegrated Energy in Trouble as Court Freezes N2.8bn Accounts in 25 banks
