MTN Cameroon wins court appeal to release seized assets - TechCentral

MTN Cameroon wins as court lifts bank account freeze

On Techpoint Digest, we discuss MTN Cameroon's victory as the court lifts the bank account freeze, the growth dynamics of African startups, and a $100 million merger to combat global hearing loss.

MTN Cameroon Wins Appeal to Recover $23 Million in Frozen Funds - Innovation Village | Technology, Product Reviews, Business

After nearly three years of legal entanglement and financial restriction, MTN Cameroon has secured a major victory in a prolonged cross-border dispute that had paralyzed access to over $23 million in its local bank accounts. A ruling by the Littoral Court of Appeal in Douala has ordered the release of the funds, signaling a turning point in one of the more contentious legal battles involving a multinational firm and a politically connected local…

CameroonOnline.ORG | Douala, Cameroon – A breath of relief is flowing through the corridors of MTN Cameroon. The Cameroonian subsidiary of the South African telecommunications giant has just won a major legal battle, after more than a year of having its bank accounts frozen. The case dates back to September 2022, when MTN Cameroon's local accounts, containing some 14 … The post MTN Cameroon: A resounding legal victory in the face of the seizure …

Two and a half years after the telecom operator's accounts were frozen in Yaoundé, the courts finally decided in his favour in the different one which he opposed to billionaire Baba Ahmadou Danpullo.

MTN Cameroon wins court appeal to release seized assets – Cameroon Intelligence Report

A Cameroon appeals court has ordered the release of South African mobile operator MTN’s bank accounts in the country, which were seized in 2022 over a loan dispute with a Cameroonian businessman, MTN said. A court order froze MTN Group’s (MTNJ.J), opens new tab Cameroon accounts containing 14 billion CFA francs ($23.20 million) in September 2022. The seizure threatened the operations of the Cameroon subsidiary of Africa’s largest mobile carrier,…

MTN Cameroon wins court appeal to release seized assets - TechCentral

A Cameroon appeals court has ordered the release of MTN's bank accounts in the country, which were seized in 2022.