One by one, Lekoil Nigeria executives jump ship from Lekoil Limited

摘要

Mutual accusations of sabotage abound as the junior's senior managers distance themselves from the company's main shareholder, based in the Cayman Islands. The relationship between junior Lekoil Nigeria and one of its top shareholders, the Cayman Islands-registered Lekoil Limited (40%), continues to deteriorate. On 21 June, the chief financial officer of both entities, Edward During, resigned from his position at Lekoil Limited. During is still a director and CFO of Lekoil Nigeria. No "double-hatted" executives remain, as Lekoil Nigeria's chairwoman, Aisha Muhammed-Oyebode, has stepped down as a non-executive director of Lekoil Limited, days after the announcement of the dismissal of the managing director, Olalekan Akinyanmi, who has retained that role at Lekoil Nigeria (AI, 08/06/21).