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  #2101 (permalink)  
Old 3rd November 2015, 03:49 PM
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Default Re: Japaul oil

Quote:
Originally Posted by duduspace View Post
It is certainly looking like Oga Jegede has lost the plot with this one. It does look like its treading water right now. Another example of ambition gone wrong ? or is it just that a maverick business man has been allowed to fleece investors due to inadequate oversight?
I think next is Sovereign Trust Insurance. Badly run companies!
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Old 1st April 2017, 10:20 AM
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Default Re: Japaul oil

COPIED FROM THIER FINANCIAL REPORT FOR FYE 2016 RELEASED YESTERDAY

GOING CONCERN COSIDERATION
The Group had been making persistent losses over the years and at 31 December 2016, the Group made a
loss from continuing operation of N21.441 billion, while the Company made a loss of N21.760 billion, and
working capital deficiency of N7.455 billion (2015: N3.58 billion). The Group shareholders' fund had been
eroded to the tune of N19.025 billion, while the Company shareholders' fund was eroded to N14.666 billion.
The company sufferred substantial losses from its opertions in the year from curtailed activities, which had
raised doubt about its ability to continue as a going concern.



WHAO !!!!!!
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