Nigeria, Feb. 3 -- First Bank of Nigeria said it has appealed against the discharge of Mareva order against Global Hydrocarbons, adding that it has also applied for an injunction and/or suspension of the order pending the determination of the appeal.

The lender made the declaration in a statement on Sunday, noting that the media reports suggesting that some banks have started complying with the decision of Justice Deinde Dipeolu of Federal High Court Lagos removing the Mareva order is "premature."

"We would like to state that such action is premature, as the necessary steps for banks and stakeholders to comply with the court's decision have not yet been completed," First Bank said in a statement.

"In view of the pending Appeal and Moti...