“The ex-parte order for Interim Injunction dated 8 May, 2024 and filed 16 May, 2024 is hereby refused,” he declared. In the ex-parte motion marked: FHC/ABJ/CS/652/2024 dated May 8 and filed May 16 by their lawyer, they sued NBC as sole respondent. He claimed that the companies had never defaulted in paying their annual levy to the commission. ADVERTISEMENT“Income as provided by the NBC Code 6th Edition is not defined neither is it defined in any other previous editions nor in the NBC Act 2004. “After due negotiations, meetings, etc., between the applicants and the respondent, it was agreed by the applicants and respondent that income should be revenue minus cost of production.

Source: The Guardian May 24, 2024 13:04 UTC