Emerald Energy Faults $45.7m Debt Allegedly Owed Chinese Firm

Ejiofor Alike

Emerald Energy Resources Limited, operator of Oil Mining Lease (OML) 141, has faulted the alleged $45,730,697.57 it was claimed to have owed Chinese Export and Credit Insurance (SINOSURE), describing the publications on April 7 and 14, 2016 editions of THISDAY as injurious and defamatory to its reputation.

In a protest letter by the law firm of TEMPLARS, which was addressed to THISDAY, the law firm said the offensive materials were published against its clients with the active connivance of a firm of legal practitioners, Kusamotu & Kusamotu, which acted for China Export and Credit Insurance.

TEMPLARS stated that the words used in the publications “gravely injured the credibility and reputation of our client and have exposed it to hatred, contempt and lowered its estimation in the minds of its employees, investors, business partners, other stakeholders and all right thinking members of the society.”