• About Us
  • Contact
  • Cookie Policy
  • Disclaimer
  • Privacy Policy
  • Editorial Charter
  • Corrections Policy
  • Sitemap
Freelanews
Advertisement
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events
No Result
View All Result
Freelanews
No Result
View All Result
Home News General

Court stops production of cards by Mastercard

Freelanews by Freelanews
November 19, 2019
in General
0 0
0
mastercards stock image
thenacre-campaign

Mastercard and its agents have been ordered to stop the production of the national identity cards issued by National Identity Management Commission by Justice R.M. Aikawa of the Federal High Court in Lagos.

This order was made following an ex parte motion filed by Chams Plc and Chams Consortium Limited on August 28, 2019.

The ex parte, which also included an Anton Pillar order, was issued on November 7, 2019.

In their statement of claim, Chams Plc and CCL asked Mastercard to pay the sum of N114bn for damages.

Other defendants in the case are President and Chief Executive, Mastercard International, Ajay Banga; Country Representative of Mastercard in Nigeria, Omokehinde Ojomuyide; a member of staff of Mastercard, Daniel Monehin; the NIMC; and 22 commercial banks as respondents.

Perfect-Aesthetic-social-1

The order of the court states inter alia, “An order of interim injunction restraining the defendants, whether acting by themselves or by their directors, officers, servants, agents, technical managers, or otherwise however from further manufacturing, producing, designing and or printing or authorising the manufacturing, production, designing and or printing of any National Identity Card with MasterCard logo as described in paragraph 16 of the supporting affidavit in Exhibit CC9 pending the determination of the motion on notice filed for hearing.”

A similar order was given to 22 respondent banks in Nigeria restraining them from honouring or giving effect to any transaction from Mastercard.

A breakdown of the statement of claim showed that N84bn was for special damages as a result of loss of expected revenue for eight years; N10bn for general damages of fraud perpetrated jointly and severally against the claimants; and N20bn for inducing the breach and termination of the concessions awarded to the claimants by the NIMC, which occurred as a result of the Mastercards’ alleged fraudulent actions.

It will be recalled that in 2006, Chams was invited by the Federal Government to bid for the National ID project for which it competed and emerged the preferred bidder for the national ID concession.

Odun Ifa 2026
ADVERTISEMENT

Upon the execution of the concession agreement with the NIMC, Chams said it pursued the implementation of the concession by incorporating Chams Consortium Limited, a special purpose vehicle with the sole aim of implementing the NIC concession.

adron lemon friday

Chams said it also invited Mastercard to work with the Chams Consortium as one of its technical partners on the concession.

Mastercard was accused of colluding with others using technical information and design shared with them by Chams to frustrate the concession won by Chams and more than $100m Chams/CCL invested in the project.

In an open letter to President Muhammadu Buhari and published earlier in the year, Chams and CCL asked MasterCard to accept its wrongdoing, apologise for the breach of contract and pay compensation to CCL and Chams for their more than $100m investment and accumulated losses.

freelanews
Freelanews

Freelanews is the editorial byline of Freelanews.com, used for staff reports, news updates, press releases, and collaborative stories produced by the Freelanews Editorial Team.

Also read

  • Tinubu approves ₦631bn for nine major road projects
  • Shettima criticises Obi in fuel subsidy dispute

Related Posts

WhatsApp Image 2022 03 20 at 12.05.00 PM
General

‘Order of restraint’ Lawyer, TUSON sue MC Oluomo, NURTW, others over union levies

by Rtn. Victor Ojelabi
March 20, 2022
Nigerian police 696x384 1
General

Ogun police arrest man for allegedly punching relative to death during burial arrangements

by Oreoluwa Ojelabi
April 17, 2024
Zainab Ahmed Finance minister2 653x365 1
General

‘Evading duty’ Finance minister, Ahmed Zainab, tags Nigeria as hub of stolen cars

by Freelanews
August 13, 2021
Osogbo
General

‘Facing hardship’ Transport fares go through the roof in Osogbo, commuters complain

by Freelanews
February 24, 2021
Calabar Highroad
General

‘What kind of country is this?!’ Man laments deplorable roads in Kogi (Video)

by Freelanews
June 19, 2020

Leave a ReplyCancel reply

Tiktok Community

You're not logged into Tiktok, please login here
UBA bank ad UBA bank ad UBA bank ad

Recent News

Tinubu121

It’s not how much we borrow, but what we build — Tinubu defends external loans

October 30, 2026
images 16 5

INEC rejects 64 petitions, clears Pantami for Gombe governorship race

October 30, 2026
National Assembly 1080x630 1

National Assembly begins collation of state police reports from 30 assemblies

October 30, 2026
NSCDC 1790032108

NSCDC suspends officer over alleged shooting at Abuja’s Kubwa market

October 30, 2026
  • Trending
  • Comments
  • Latest
N250k signature

Abiodun vs Amosun: N250k signature plot deepens Ogun political crisis ahead Tinubu visit

April 3, 2026
Omoge Saida

Omoge Saida sparks Nigerian social media over leaked video

October 28, 2025
#image_title

17 mobile money operator companies licensed by CBN in Nigeria

March 22, 2023
james akaie scaled

Nollywood SFX makeup artist James Akaie allegedly dies after explosion on Abeokuta movie set

January 13, 2026
amoke

‘Meals by Amoke’ We serve traditional dishes in a modern way, Bukoye Fasola reveals

19
Image 2024 03 26 at 120645 AM jpeg

Charles Inojie, Ali Nuhu call on communities to #MakeWeHalla against domestic violence

11
Meran Primary Health Centre Lagos father Meran hospital

Lagos father shares heartbreaking experience at Meran Primary Health Centre (Photos)

4
fls2

‘Disarticulated system’ Gov’t confused about Nigerian education, expert laments

3
Tinubu121

It’s not how much we borrow, but what we build — Tinubu defends external loans

October 30, 2026
images 16 5

INEC rejects 64 petitions, clears Pantami for Gombe governorship race

October 30, 2026
National Assembly 1080x630 1

National Assembly begins collation of state police reports from 30 assemblies

October 30, 2026
NSCDC 1790032108

NSCDC suspends officer over alleged shooting at Abuja’s Kubwa market

October 30, 2026
ADVERTISEMENT
October 2026
SMTWTFS
 123
45678910
11121314151617
18192021222324
25262728293031
« Sep    
Freelanews

Freelanews is a Nigerian digital news platform that delivers timely, credible, and engaging stories across politics, business, entertainment, lifestyle, and the creative industry, with a strong focus on promoting innovation, integrity, and inclusivity in storytelling.

Today’s Popular

  • quotes 22

    ‘Breaking News’ Babatunde Omidina, Baba Suwe, is dead

    0 shares
    Share 0 Tweet 0
  • 17 mobile money operator companies licensed by CBN in Nigeria

    0 shares
    Share 0 Tweet 0
  • Ifeoma playfully reacts as Paul Okoye receives recognition in Australia

    0 shares
    Share 0 Tweet 0
  • Rotary offers free artificial limbs to eligible amputees through WAPF Lagos 2026

    0 shares
    Share 0 Tweet 0

Just Published!

Tinubu121

It’s not how much we borrow, but what we build — Tinubu defends external loans

October 30, 2026
images 16 5

INEC rejects 64 petitions, clears Pantami for Gombe governorship race

October 30, 2026
National Assembly 1080x630 1

National Assembly begins collation of state police reports from 30 assemblies

October 30, 2026
NSCDC 1790032108

NSCDC suspends officer over alleged shooting at Abuja’s Kubwa market

October 30, 2026
images 15 6

Ogun group empowers 120 residents with sewing machines, helmets and sprayers

October 30, 2026
No Result
View All Result
  • About Us
  • Contact
  • Cookie Policy
  • Editorial Charter
  • Corrections Policy
  • Advertisement

© 2026 Freelanews | by Iretura.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • News
    • Crime
  • Business
  • Brands
  • Banking
  • Opinion
  • Interview
  • Entertainment
  • Podcast
    • Àtẹ́lẹwọ́
  • Sports
  • Events

© 2026 Freelanews | by Iretura.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.