Nigeria: FirstBank Seizes Seawolf's Rigs Over N25 Billion Debt

24 February 2015

LAGOS-- Sequel to our exclusive story earlier this month about abandoned oil rigs at the outer Marina in Lagos, Vanguard learnt that the rigs may have been seized by FirstBank of Nigeria Plc for alleged debts of about N25 billion owed by Seawolf Oil Services Limited, owners of the rigs.

As a result, the two rigs - Onome and Oritsetimeyin, may not have been abandoned after all, but kept under watch by FirstBank.

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