Justice Ibrahim Buba of a Federal High Court in Lagos on Wednesday barred the Financial Reporting Council of Nigeria from interfering with or impeding the normal operational activities of Stanbic IBTC Holdings Plc and its subsidiaries.
The judge also restrained the council from molesting or inviting the entire members of the board of directors of the plaintiff for interrogation.
Buba made the interlocutory injunction following argument of an application to that effect by the plaintiff’s counsel, Prof. Fidelis Oditah (SAN).
He said the plaintiff had made a case strong enough to warrant making an order for the maintenance of the status quo.
He said the order would subsist until the determination of the plaintiff’s suit against the FRCN and the National Office for Technology Acquisition and Promotion.
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