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NIGERIA: Lekoil Scammed in Loan Fraud



NIGERIA: Lekoil and Optimum Petroleum Company Agree to Postpone OPL 310

Lekoil limited an Oil Exploration and Production company disclosed that the company has been scammed by some individuals who seem to be representing the Qatar Investment Authority (QIA) on loan deal worth $184m. The loan deal which was for proposed drilling and development on the Ogo field Nigeria.

The company announced to stop and suspend its ordinary shares, for now, the Qatar Investment Authority has also said that the organization does not sign or know anything about loan deal with Lekoil Limited.

Lekoil had earlier publicly announced its aim to go for a loan worth $184m and the company share had rapidly increased to 9.4 percent.

It was also stated that it took the Qatar Investment Authority about 10days to reach Lekoil adviser to inform them the organization was not in any loan contract agreement with Lekoil.

The accused middlemen of the fraudulent act called Seawave Invest is said to have collected a sum of $600,000 from Lekoil Company.

Seawave who was said to have introduced fake QIA to Lekoil and make fake loan deal agreements has called itself on its website an independent consultancy company specializing in cross-border business transactions with an exclusive focus on Africa.

It was stated that the London Aim Market has had a similar problem with Nigeria Oil and Gas Producers.

Lekoil Company gas began action to consult all necessary custodian and to investigate Seawave to recover its fund Worth $600,000 defrauded by the said Seawave.

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