Posts Tagged ‘Sahara Petroleum’
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UBA Asks Court to Wind up Sahara Energy over N15bn Loan

United Bank for Africa Plc (UBA) has filed a winding up petition before a Federal High Court in Lagos against a petroleum resources company, Sahara Energy Resources Limited, over an alleged inability of the firm to pay a debit of $42,282,430.49 (equivalent to N15,221,674,976). In its reply, however, the management of Sahara Energy yesterday said […]