Conoil is poster child for corporate fraud, Eastline Energy alleges

Conoil Producing Limited has been accused by Eastline Energy Resources Limited of being a corporate fraud and allegedly having a felon as a director in the company.

Eastline Energy, a Port-Harcourt-based oil and gas servicing firm, said this amid a faceoff between both companies over a $774,789 debt Conoil is allegedly owing.

Several complaints were made against Conoil in a letter dated June 14, signed by Eastline Energy Chief Executive Officer, Obioma Chimechefulem, and sent to the President’s Chief of Staff, Femi Gbajabiamila.