Trial Judge, Okechukwu Okeke, also restrained them from taking further steps on a purported Memorandum of Understanding (MoU) for business combinations recently signed between the two banks.
In his ruling on an ex-parte application filed by the former Managing Director, Finbank, Okey Nwosu and an erstwhile Executive Director of the bank, Dayo Famoroti, Okeke restrained the two banks from altering the shareholding structure of Finbank in favour of FCMB. The orders are to subsist pending the hearing and determination of the suit fixed for May 26, 2011. - The Guardian
1 comment:
Okey Nwosu is fronting for a former South-South Governor. If FCMB buys FINBANK, his billions are gone.....They will fight hard to prevent this acquisition.
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