Nigeria's Lekoil halts London trading on finding loan was 'complex facade'
Share:
LAGOS (Reuters) - Trading in shares of Nigerian oil company Lekoil was suspended on the London Stock Exchange on Monday when the company said it had discovered that an announced $184 million loan agreement with the Qatar Investment Authority (QIA) was fraudulent. The suspension of shares in Lekoil, which first listed in London in 2013, were halted after an official with the QIA approached Lekoil to query the validity of the loan. "The loan agreement announced on 2 January 2020 by the..