Company Information

Get to know LEKOIL LTD

Founded in 2010 as LEKOIL LTD, the company was an oil and gas exploration and production firm with a focus on assets in West Africa, primarily Nigeria, including a significant interest in the Otakikpo Marginal Field. The company gained notoriety following a major scandal in January 2020 involving a fraudulent loan agreement. This event, combined with a protracted and public corporate dispute with its Nigerian subsidiary (Lekoil Nigeria) and its founder, led to significant financial and operational challenges. Following a major restructuring, the company was delisted from the London Stock Exchange's AIM market in 2022 and subsequently rebranded as Fenikso Kamasi Limited to reflect its new corporate direction.

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LEKOIL LTD

Nigeria

Founded in

2010 (16 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

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Regulated

Recommended

IUX

(2,284 reviews)

Mauritius

2015

(10 years)

Security Information :

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This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.