Ex-Ecobank CEO Can Seek $24 Million Payout After London Ruling
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Former Ecobank Transnational Inc. Chief Executive Officer Thierry Tanoh can seek about $24 million awarded by West African courts against his former employer after a London judge overturned an order blocking the payments.
Judge Robin Knowles lifted an injunction blocking Tanoh from enforcing court judgments in Togo and Ivory Coast, according to a judgment in London on Friday. Tanoh may now collect 7.5 billion CFA Francs ($12.6 million) awarded in Ivory Coast in January and a further $11.5 million awarded by a Togolese judge in February, according to the judgment.