1. Lekoil in Trading Halt After Funding Deal Query  Offshore Engineer
  2. Nigerian oil firm's shares suspended after revealing alleged scam  The Guardian
  3. Lekoil’s shares tumble 70% after it reveals alleged fraud  Financial Times
  4. Explorer Lekoil fears $184 million loan deal from Qatar was a "scam"  Evening Standard
  5. Pouring oil on some troubled waters | Business  The Times
  6. View full coverage on Google News
London-listed oil company Lekoil has suspended trading of its shares after the Qatari Investment Authority questioned the…London-listed oil company Lekoil has suspended trading of its shares after the Qatari Investment Authority questioned the validity of its recently announced funding agreement.

Lekoil in Trading Halt After Funding Deal Query

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Directors at Nigeria-focused oil and gas explorer Lekoil thought their dreams had come true when Qatar’s vast investment agency agreed to lend them $184 million to develop a new offshore gasfield. As the shares doubled, it must have felt like a $600,000 fee to the loan introducer well spent. However, the celebrations were brutally dashed yesterday when the Qatari InvestmentDirectors at Nigeria-focused oil and gas explorer Lekoil thought their dreams had come true when Qatar’s vast investment agency agreed to lend them $184 million to develop a new offshore gasfield. As

Evening Standard

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Former Africa minister Mark Simmonds faces embarrassment after a company he joined last week warned it may have been scammed over a non-existent $184m (£157m) loan.Former Africa minister Mark Simmonds faces embarrassment after a company he joined last week warned it may have been scammed over a non-existent $184m (£157m) loan.

Ex-minister hired by oil explorer Lekoil left red-faced over fears it has been scammed

Lekoil’s plans in Nigeria have been thrown into doubt, and trading in the company’s shares suspended, as a finance deal that was supposed to have been signed with the Qatari Investment Authority (QIA) appears to have been bogus.

Lekoil suspends shares on questionable Qatari financing - News for the Oil and Gas Sector

A Nigerian oil company Lekoil may have been swindled after handing over $600,000 to a consultancy which had promised to help arrange a loan from the Qatari Investment Authority. A Nigerian oil company Lekoil may have been swindled after handing over $600,000 to a consultancy which had promised to help arrange a loan from the Qatari Investment Authority.

Nigerian oil firm Lekoil scammed in London | P.M. News