Pipeline transportation fees were owed to JV, not recovered from Nembe - Management clarifies

Nembe Exploration and Production Company Limited (“Nembe”), formerly known as Aiteo Eastern Exploration and Production Company Limited, has reacted to media reports concerning the Economic and Financial Crimes Commission's (EFCC) recovery of funds from oil companies over outstanding obligations relating to the Nembe Creek Trunkline. The publications, which refer to Aiteo alongside Newcross Exploration and […] Pipeline transportation fees were…