A Federal Capital Territory (FCT) High Court has restrained a South African company, Novare, and its subsidiaries, from selling off their assets in Nigeria. The News Agency of Nigeria (NAN) reports that Novare is the owner of retail malls, including Shoprite malls, in the country. Justice Peter Kekemeke gave the interim order following an ex-parte motion moved to the effect by counsel to the applicants, Darlington Ozurumba. Others include Novare Mall, Apo, Abuja; Novare Central Mall, Wuse Zone 5, Abuja, and all other Novare Malls under construction in Nigeria, pending the hearing and determination of motion on notice. Justice Kekemeke consequently granted the order of interim injunction after Mr Ozurumba moved the motion on 6 November.

Source: The Guardian November 09, 2023 13:50 UTC