Lekoil Cayman Limited has been stopped from proceeding on the convertible facility agreement (option agreement and the tripartite) with Savannah Energy Investments Limited, a wholly owned subsidiary of Savannah PLC after it was announced February 28, 2022. Lekoil Nigeria, a statement sent to Platforms Africa read, has challenged the takeover move in a suit filed against the London-listed oil firm, Lekoil (Cayman) Limited in a Cayman Islands court. The statement added that an injuction has been given against the restructuring deals. READ ALSO:Lekoil Limited Gets Savannah Investment’s GBP.9m Loan At…
Read MoreBREAKING! Court Stops Lekoil Cayman, Savannah Energy Restructuring Deals
