Nigeria, March 27 -- Petrocam Trading Nigeria Ltd has asked the Federal High Court in Lagos to vacate an interim order freezing its bank accounts over an alleged N9.05 billion debt claimed by Zenith Bank Limited.

At Thursday's hearing before the trial judge, Chukwujekwu Aneke, Petrocam's legal team, led by Gboyega Oyewole, who is a Senior Advocate of Nigeria (SAN), urged the court to discharge the interim injunction granted on 3 March.

It argued that the order was obtained through suppression of material facts, which has caused severe financial hardship for the company.

Petrocam maintained that all obligations under a 2014 import finance facility had been fully settled.

In an affidavit by the company's Head of Trade, Sunmola Omolara, ...