Business Headlines

Glencore, AFC, Mauritius Bank, Fidelity Sue First Bank Trustees, Receiver Over Alleged Illegal Takeover Of Neconde’s OML 42

A consortium of international lenders—Glencore Energy UK Limited, Africa Finance Corporation (AFC), Mauritius Commercial Bank, and Fidelity Bank—has instituted legal action against FBN Trustees Limited and a court-appointed receiver, Abubakar Sulu-Gambari, SAN, over what they describe as an unlawful attempt to take over Neconde Energy Limited’s interests in Oil Mining Lease 42 (OML 42). The […]