Proposed Settlement of Litigation
Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has reached agre…
LAGOS, Nigeria. 16 June 2022
Lekoil Nigeria Limited notes the blatantly misleading release by Lekoil Limited (“Lekoil Cayman”) via the Regulatory News Service of the London Stock Exchange (RNS 86980) on June 14, 2022.
In reference to Docket No: MER-L-001733-21 at the Superior Court of New Jersey (Mercer County) the facts remain as follows:
Lekoil Cayman owes Mr. Olalekan Akinyanmi monies according to his wrongful termination suit and unpaid compensation and not the other way around. Mr. Olalekan Akinyanmi does not owe any sums to Lekoil Cayman.
In light of this deliberate misrepresentation, we urge the Board of Lekoil Cayman to endeavour to stick to the facts and truth in future releases and in compliance with all regulatory authorities to which they may be bound.
For information, please contact:
LEKOIL Nigeria Limited
Hamilton Esi, Corporate Communications +234 810 642 1047
Damilola Isafiade, Investor Relations +234 818 007 5493
Hudson Sandler (Financial PR)
Mark Garraway +44 (0)7771 860938
Lekoil Nigeria Limited, the oil and gas exploration and production company with a focus on Nigeria and West Africa, announces that it has reached agre…
Lekoil Nigeria Limited notes the blatantly misleading release by Lekoil Limited (“Lekoil Cayman”) via the Regulatory News Service of the London St…