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Nigeria: Lekoil scammed by fake Qataris

Nigeria’s Lekoil has admitted it was scammed by intermediaries purporting to offer a $184m loan from the Qatar Investment Authority (QIA) for appraisal and development of the Ogo field in OPL 310. AIM-listed Lekoil said it had met individuals claiming to be QIA representatives. It paid $600,000 in fees, most of it to intermediary Seawave Invest, after commissioning a due diligence report “based predominately on open source information” to check Seawave’s credentials.

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