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WAV, STG end rift, sign settlement agreement

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At last, Sea Trucks Group Limited, STG, a British Virgin Island company and West African Ventures Limited, WAV, a 100 per cent Nigerian company have resolved their dispute amicably in Lagos.

The settlement was facilitated by the Nigerian Content Development and Monitoring Board, NCDMB and the National Petroleum Investment Management Services, NAPIMS.

Nigerian Vanguard gathered that following a period of extended negotiations, both WAV and STG were able to reach a binding settlement agreement on the 13th of November 2018.

It was gathered that the settlement agreement resolved all disputes between the parties and provided for an agreed allocation of vessels, which were previously disputed by both parties.

Vanguard, Tuesday 19, February

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