A CAMEROON court ordered banks used by MTN Group to transfer its funds into escrow over a dispute the wire carrier says it has nothing to do with, marking an escalation of a conflict that had already frozen MTN’s access to local accounts.
The order, dated June 9, relates to a dispute between South African lender First National Bank and Cameroonian businessman Ahmadou Baba Danpullo, MTN said in an emailed response to questions. – Bloomberg