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U.S. Tribunal Orders Oil Firm to Pay Nigeria $660,000

The Minister of Justice, Abubakar Malami, on Wednesday, welcomed the judgment of a U.S.-based tribunal, which ordered InterOcean Oil Company to pay the federal government 660,129 dollars as reimbursement of its share of the arbitration costs. The News Agency of Nigeria (NAN) reports that the U.S.-Based International Centre for Settlement …

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