WAV, STG end rift, sign settlement agreement

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

Join the conversation

Opinions

Support Ripples Nigeria, hold up solutions journalism

Balanced, fearless journalism driven by data comes at huge financial costs.

As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.

If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.

Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.

Donate Now