Cameroon applies The court ordered the release of the Ministry of National Security, which was seized from a loan dispute with a Cameroon businessman in 2022.
The court decision frozen the Cameroon accounts of the MNS group, which is 14 billion Frank (R432 million) in September 2022.
The arrest threatened the operations of the largest mobile carrier, one of Africa’s largest mobile carrier, one of the largest networks in the Central African country, which is one of the largest networks of 15 million users.
The dispute over the real estate loan, Mogul Ahmadou Baba Danpullo, Camalunan business, the owner of Bestinver Group companies and the first National Bank of South Africa.
FNB after his abolition of a number of features belonging to Danpullo in South Africa, he retributed with the Cameroonian court and froze the accounts of South African companies, including the Ministry of National Security.
In 2023 MTN Cameron In the timely, the funds were transferred to a third party debt or “Garnynee” or an escro celebration of the Court, as part of the order.
The Ministry of National Security appealed to the court on February 24, and the best of these seizures did not have the right not to apply these seizures.
Procedure
“MNS Cameroon welcomes this decision, approves the legality of defense and restores its rights,” he said.
Mbanzehe Aghge, one of the lawyers from Danpullo, said he would try a new one to seize the assets. “We follow legal procedures to get an executive order.”
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MTN Cameroon has faced legal and regulatory problems reflecting a wide range between multinational firms and local political and business interests in recent years. – Amindeh Blaise Atabong, (C) 2025 Reuters
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