A  Federal High Court sitting in Abakaliki, Ebonyi State capital yesterday vacated an interim order issued by a Federal High Court sitting in Lagos in January this year which restrained the Securities and Exchange Commission,SEC, and the Nigerian Stock Exchange,NSE, from releasing fifteen billion naira bond approved for Ebonyi State government.

 

A member of Ebonyi state House of Assembly had filed a motion praying the court to restrain the state government from accessing the bond.

 

The ruling on the motion followed the application filed by the counsel to the state government, Mr Fedrick Onobia which prayed the court to vacate the injunction.

 

Justice Ada Onyetenu in her ruling vacated the earlier order given by a federal high court in Lagos.


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