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Court freezes Sh45m in Nigerian firms' accounts

At least Sh5.5bn transacted by one firm in seven months. [iStockphoto]

The High Court has frozen the accounts of two Nigerian companies suspected to have siphoned more than Sh6 billion into the country.

Lady Justice Esther Maina issued the orders in two separate suits filed by the Asset Recovery Agency against Korapay Technologies Limited and Kandon Technologies Limited over claims that they are being used by fraudsters as conduits of international money laundering.

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