Nigeria, Jan. 15 -- A Nigerian oil company, LekOil, is currently in the eye of the storm over an alleged scam of $600,000 involving a consultancy firm, Seawave Invest.

The Guardian (UK) reported that the company revealed the alleged scam after handing over the money to the consultant, who had promised to help arrange a loan from the Qatari Investment Authority.

Earlier in the month, the small oil firm revealed the $184 million (£142m) loan agreement to its investors. But, things took a dangerous turn at the weekend when representatives from the Qatari fund approached the oil firm to question "the validity" of the deal.

Consequently, shares in the company were immediately pulled from the London's junior Aim market, where it is list...