UBA, Sahara Energy lock horns in legal battle over N15bn debt

UBA, Sahara Energy lock horns in legal battle over N15bn debt

Posted on April 13, 2019 Authornewsheadline247 Comment(0)

UBA Plc has filed a winding-up petition against Sahara Energy Resource Limited (Sahara Energy) at a federal high court in Lagos. The petition was based on a N15 billion loan owed by KEPCO Energy Resources Limited (KEPCO). Sahara Energy had stood as a guarantor to KEPCO. A winding up petition is a legal action taken by

Read more UBA, Sahara Energy lock horns in legal battle over N15bn debt

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Forget the recession! Sahara Energy Director, Tonye Cole throws classy 50th birthday party on Friday

The Capital NG   Yes, the three wisemen of  the oil and gas sector,  Tonye Cole, Tope Sonubi and Ade Odunsi, are successful young men whose storied and sensational life would make many of their peers feel like they came to the world at a wrong time. Apart from the fact that they are rock solid financially, some days ago, their company once again won the mouth-watering Crude Oil Contracts they have been doing for many years.