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Lekoil – SHOCKER AGAIN!; from fake sheikhs to now subsidiary CEO farce… you couldn’t make it up!

By Steve Moore | Thursday 10 June 2021


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


Supposedly “oil and gas exploration and production company with a focus on Nigeria and West Africa” Lekoil (LEK) seems more focused on providing followers comedy farce. After last year apparent funding agreement sheikhs turned out to be fakes, now a “Corporate Update” including that the company’s CEO until last week Olalekan Akinyanmi had “without the prior knowledge or consent of the company, entered into an employment contract with Lekoil Nigeria Limited, to act as its Chief Executive Officer, with effect from 1 January 2021”!

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