Lekoil Limited Provides Update of Legal Claims

Source: www.gulfoilandgas.com 1/21/2022, Location: Africa

LEKOIL, the oil and gas exploration and production company with a focus on Nigeria and West Africa, notes that as previously announced, the English courts have declined jurisdiction with respect to the Company's lawsuit brought for the recovery of the CEO loan made to Mr. Olalekan Akinyanmi. The Company notes that it has now received the final order of the Court, which includes a requirement for the Company to pay £85,550 towards the costs incurred by Mr. Akinyanmi, with payment on or prior to 8 February 2022.


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