Friday 22 September 2017
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30 days ago

Court orders seizure of Oando’s oil rigs over N4.7bn debt

A Federal High Court sitting in Port Harcourt, Rivers State, has ordered the arrest and detention of three crude oil drilling rigs belonging to Oando Energy Services Limited (also known as OES Energy Services Limited) over debts of $15,399,524.84 (equivalent of N4.7 billion) and N14,169,164.80. The arrest and detention order for the three drilling rigs...

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