The London Court of International Arbitration has granted an aggregate of $680m (about N216bn) against two firms – Ocean and Oil Development Partners Limited, which claims 55.96 for every penny of Oando Plc; and Whitmore Asset Management Limited – having a place with Nigerian representative, Wale Tinubu, and his accomplice, Omamofe Boyo.

The honor was supportive of Ansbury Investments Inc, possessed by an Italian-Nigerian representative, Gabriele Volpi.In the archive mutually marked by the directing authority, David Mildon (Queen’s Counsel), and co-referees, Prof Marco Frigessi di Rattalma and Harry Matovu (QC), the court chose that, “The OODP (Ocean and Oil Development Partners Limited) BVI is by and by obliged to Ansbury in the aggregate important total of $600m, being $130m in regard of the underlying credits and $470m in regard of the consequent advances, which wholes are past due and owing.

“Whitmore is by and by obliged to Ansbury in the aggregate central total of $80m in regard of the credit made under the First Loan Agreement (as corrected).”