Ex-Ecobank CEO Tanoh to Fight London Order Blocking Payouts
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Former Ecobank Transnational Inc. Chief Executive Officer Thierry Tanoh will challenge a London court’s order that blocks him from collecting $22.5 million in damages awarded by West African courts against his former employer.
The London ruling prevents Tanoh from enforcing court judgments in Togo and Ivory Coast against Ecobank, Soualiho Diomande, an attorney for Tanoh, said on Monday. The London court set a hearing for May 1. Ecobank, which operates in 36 African countries, more than any other lender, is based in Togo’s capital, Lome.