Nigeria: Court Restrains FRC As Standard Bank Group Backs Nigerian Unit

5 November 2015

The Federal High Court in Lagos on Wednesday restrained the Financial Reporting Council of Nigeria (FRCN) from interfering with the operations of Stanbic IBTC Holdings (SIBTCH), Plc.

Also, the Standard Bank Group reiterated its support for SIBTCH, its Nigeria unit, despite the ongoing controversy between the holding company and FRC.

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