ERHC Energy Inc (ERHE)

[kobiashi2000]

Thats correct, Offor owed the bank money on a loan that Chrome took out, he offered and the bank accepted in lieu of immediate payment shares of ERHC as collateral while Offor paid back the loan. Offor is currently arguing to the Nigerian FDIC that he paid back the bank the majority of the loan and only owes a minimal amount, however, the Nigerian FDIC is disputing the amount of money that Offor has repaid back the bank and is demanding that Offor pay more than Offor says he owes to get the shares back, both sides will come to a settlement eventually and Offor will get his shares back, Offor paying more than he states he owes and the FDIC getting less than they state that Offor owes.