A Federal High Court in Lagos has granted permission for Nigeria’s Suntrust Oil to serve a petition to Ireland-based San Leon Energy to pursue alleged due debts. Suntrust Oil claims that it is owed $47,689,123 by the Irish company, as part of payment due for shares sold by the Nigerian firm. The case was filed on behalf of Suntrust’s subsidiary, SunTrust Petroleum Nigeria Ltd, and alleges that San Leon, which operates under the name “San León,” owes the company more than US$100
A Federal High Court in Lagos has granted permission for Nigeria’s Suntrust Oil to serve a petition to Ireland-based San Leon Energy to pursue alleged due debts. Suntrust Oil claims that it is owed $47,689,123 by the Irish company, as part of payment due for shares sold by the Nigerian firm. San Leon disputes the allegations.