Justice Binta Nyako of the Abuja Federal High Court has nullified the sale of 9mobile telecommunication to Teleology Nigeria Limited.
Justice Nyako, hinged her ruling on the violation of existing status quo order granted in April 2018.
Justice Nyako said the parties in the suit were all aware of the status quo injunction having been served between April 24 and 27, 2018.
“Any action that has been taken concerning the rest of this litigation from the 25th day of April, which is earlier in time, should revert to the position, as of the res, to its 25th day of April 2018,” Justice Nyako ruled.
Afdin and Dirbia Company had approached the court faulting the sale of the telecommunication company on the grounds that it was excluded from the decision to sale the company.
Defendants in the suit are: Karington Telecommunication Ltd, Premium Telecommunications Holdings NV, First Bank of Nigeria Plc, Central Bank of Nigeria, Etisalat International Nigeria Ltd and Nigeria Communication Commission (NCC).