The legal battle between Femi Otedola’s First Bank and Nduka Obaigbena’s General Hydrocarbons Limited has intensified.

Latest development indicates that the Federal High Court in Port Harcourt has granted an order to arrest and detain the crude oil cargo on board the Floating Production Storage and Offloading (FPSO) Vessel Tamara Tokoni.

The personnel of the Nigerian Navy have since detained the cargo in line with the court order, early Wednesday morning.

The businessman who owns Arise News, THISDAY newspapers and the oil firm and First Bank are locked in a knotty legal conflict over credit facilities his company took, which the bank claimed missed several repayment deadlines.

It recently emerged that First Bank of which Otedola is chairman is being owed the sum of $230 million by the oil firm. Otedola alleged in a recent oped that the loan was not used for what it was meant for as Obaigbena spent most of it on his private life buying toys and sponsoring former CBN governor for a failed presidential run.