The crisis between Lekoil Limited and Lekoil Nigeria has degenerated as the former said it outrightly rejected the offer by the latter to purchase loan in the Oil prospective License (OPL) 310. Platforms Africa reports that Lekoil Limited has earlier secured Savannah Investment’s GBP.9m Loan At 5%/Annum Interest for the deal, a move that was stopped by Lekoil Nigeria through the Court. Lekoil Limited, however made its rejection of the OPL 310 loan by Lekoil Nigeria known in a statement, maintaining that the offer is incapable of acceptance without the…
Read MoreOPL 310: Lekoil Limited Rejects Lekoil Nigeria’s £.9m Loan Deal
