Posted by The Ethiopia Observatory (TEO)
by Addis Fortune

Sophia Bekele (Credit: Addis Fortune)
An Ethiopian native with foreign nationality has won a milestone legal battle against the central bank, whose decision led her to lose shares she inherited from her late father but for an undervalued rate.
Sophia Bekele, a businesswoman with American citizenship, lost shares auctioned by the United Insurance Company (UNIC), a company where her father was a founding shareholder.
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Tags: Asset seizures, Ethiopians with foreign citizenship, National Bank of Ethiopia (NBE), Not owning financial shares, Sophia Bekele vs. NBE, TPLF regime's unlawful acts