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Court restrains FRC over KPMG, Stanbic IBTC

A Federal High Court sitting in Lagos last weekend restrained the Financial Reporting Council, FRC, of Nigeria and its executive secretary, Mr. Jim Obazee, from taking any action, sanction or measure against KPMG Professional Services, auditors of Stanbic IBTC Bank Plc and Mr. Ayodele Othihiwa, a Partner in the firm, pending the hearing and determination of the suit filed by the applicants.

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