The New Jersey court hearing the application challenging the hostile ouster of Lekan Akinyanmi as the Chief Executive Officer of Lekoil Cayman Limited, on June 14, 2022, ordered a stay of all proceedings in the matter pending the arbitration the court has ordered. Akinyanmi, Chief Executive Officer of Lekoil Nigeria Limited, filed an action in the Superior Court of New Jersey on September 24, 2021, with case number MER-L-001733-21, claiming breach of contract in the termination of his employment contract through a process fraught with irregularities and for which he…
Read MoreNew Jersey Court Orders Arbitration in Akinyanmi Vs Lekoil Cayman Suit
