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Abuja; Novare Central Mall

Court stops sale of Novare/Shoprite malls in Nigeria

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. NAN reports that Grand Towers Reality Ltd, Grand Towers Plc and Nze Chidi Duru, who were…