Firm urges court to vacate $9.5m injunction over FX dispute

Kam Industries Nigeria Limited, the country’s largest indigenous metal and steel production firm, has called on the Federal High Court in Lagos to vacate an ex parte Mareva injunction granted in favour of Ecobank Nigeria Plc in relation to a disputed $9.5m foreign exchange transaction. Justice Daniel Osiagor had, on October 7, 2024, granted Ecobank’s