Conpurex, a wholly-owned subsidiary of Mike Adenuga’s oil and gas conglomerate ConOil is being pursued by creditors for a combined debt of about $7 million by a foreign company and a local company.Earlier this year, Adenuga, chairman of Globacom, a telecommunications company in Nigeria, ranked fifth on the list of wealthy Africans with a net worth of $6.3 billion.
It also said it would seek “additional USD funds for violation of the contractual terms for the wrongful payment of Naira when USD should have been paid” and “seek all legal basis from securing assets through appropriate bank accounts”.The Lagos headquarters of Depthwize also wrote to Conpurex to warn that the non-payment of its invoices is significantly hampering its operations, leaving it unable to renew the insurance cover on its assets.
“We write to request for payment of our outstanding invoices long overdue for payment from 13/12/2017 to 08/12/2018, totalling Three Hundred and Seventeen Million Seven Hundred and Fifty Thousand, Two Hundred and Sixty-Eight Naira Nine Kobo only.
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