Lekoil Nigeria Reaches Settlement Agreement With Cayman Subsidiary

Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa has announced that it has reached agreement with Lekoil Limited, Lekoil Cayman, a Cayman Islands litigation asset company with an investment in oil & gas assets in Nigeria. The parties have agreed to terminate all legal proceedings and settle all claims made by or between them. The parties have been in dispute since early 2020 in connection with a number of matters including the rights of Lekoil Cayman under the shareholders…

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