Supreme Court overturns ruling seeking to compel NIB to pay over $120m

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The Supreme Court has overturned an earlier ruling by the Appeals court that compelled NIB to pay over 120 million dollars in Judgment debt.

The Supreme Court set aside a ruling by the High and Appeals Courts.

According the ruling, the identity of issuers of the promissory cannot be identified, raising issues with the capacity of investors.

More soon…