A Port Harcourt -based firm, Charlietam International Services Limited, has filed a winding up procedure at the Federal High Court, Lagos against Aiteo Eastern Exploration and Production Company Limited, over its alleged refusal to pay the petitioner for sundry services valued at N259million.
Specifically, the petitioner is praying the court to wind-up Aiteo Eastern Exploration and Production Company Limited on grounds of insolvency pursuant to sections 408 and 409 of the Company and Allied Matters Act. The petitioner also averred that several demand letters, including those from its solicitors were sent to the oil firm’s offices in Abuja and Lagos, but it failed or refused to respond to any of the letters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: