LEKOIL Provides Director Loan - Update

Source: www.gulfoilandgas.com 9/10/2021, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that pursuant to the loan agreement between the Company and Mr. Olalekan Akinyanmi (as previously disclosed to the market), Mr. Akinyanmi was due to repay US$394,581 on 9 September 2021. The Company notes that it has not received the repayment due and that it has commenced legal proceedings to recover the amounts due and owing to the Company.


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