Lawyer sues SEC, others over MTN listing | The Guardian Nigeria News - Nigeria and World News

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Lagos-based lawyer, Charles Mekwunye, files suit against Security and Exchange Commission at the Federal High Court, Abuja, seeking to stop the planned listing of MTN shares on the floor of Nigerian Stock Exchange. ICYMI

In the suit marked FHC/ABJ/CS/2019, Mekwunye is asking the court for a perpetual injunction restraining SEC from going ahead with the listing of MTN shares pending the determination of a suit before the Supreme Court bothering on alleged breach of contract in the divestment of MTN assets.Joined in the suit, as co-defendants, are MTN and NSE.

The plaintiff is also asking the court to direct the defendants to maintain status quo ante regarding the listing of MTN shares and a further order nullifying all approvals given to MTN by SEC and NSE towards facilitating the listing of its shares.

 

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