EU sanctions for bank chiefs who funded I. Coast's Gbagbo

EU Business Friday 21st January, 2011

(BRUSSELS) - West Africa's central bank governor and the head of its Ivory Coast office are to face EU sanctions after channelling funds to outcast incumbent Laurent Gbagbo, a diplomat said Friday.They would be subjected to an EU assets freeze and travel ban imposed Gbagbo, who refuses to cede the presidency to the recognised winner of polls, and 84 of his associates and 11 economic entities, the diplomat said."There's a green light in principle to add them to the list," the source said on condition of anonymity.The two are Philippe-Henri Dacoury-Tabley, governor of the Senegal-based Central Bank of West African States, and Denis N'Gbe, who heads the Abidjan branch of the bank, also known under its French acronym BCEAO.President-elect Alassane Ouattara, internationally recognised...

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