OGUAF:


I was going to mention earlier that
the deal was blocked because NNPC wants the oil block and assets to itself.it has the pre emotive rights to make such claim. Remember it has 60% shares in these oil assets while Exxon Mobil owns the rest and it has just been turned into a private independent entity by Buhari so it's hungry for more assets and these assets are highly crucial to Nigeria.

Right now in the Nigerian Oil and Gas sector. Seplat today is no more seen as a Nigerian company. God bless the founders(Orjiakor and avuru) for putting Seplat on the Global map.

Seplats aggressive expansion strategy over the past 10 years meant it had to raise a lot of foreign equity capital meaning over time you would lose a majority control.
That's how Orjiakor and Avuru lost major control over seplat. To compound the problem orjiakor and Avuru had issues with some local banks which sent wrong signals to the public so these new foreign investors wanted them out.

Selling oil assets to Seplat now is like handing over nigerians oil assets to foreigners. It's better the asset goes the NNPC.or another indigenous company like Elumelu.

These exxon assets in question, in its prime days of the mid 2010's during the oil boom contributed the most oil to Nigeria's daily production.

NNPC should do all its best to ensure its not sold to Seplat for the benefit of 200m Nigerians.

Seplat is now run by foreign investors hiding and disguising as an independent Nigerian Company.

Its so bad that orjiakor does not have a representative on the board as he does not even hold up to 5%. Look at how they sacked Avuru last year December. He has now set up his own company AA Holdings Limited

The next equity raise may push Avurus share to less than 5% meaning Seplat won't even have a Nigerian as a majority shareholder.

Stop writing cover-up nonsense. We know the reason why the deal is being stopped, but it can only be temporary. Exxon Mobil is divesting because they know the dungeon is finished. Biafra will be restored soon, and we shall recover all our stolen oil and gas assets.

FallenShitHole:

Stop writing cover-up nonsense. We know the reason why the deal is being stopped, but it can only be temporary. Exxon Mobil is divesting because they know the dungeon is finished. Biafra will be restored soon, and we shall recover all our stolen oil and gas assets.

All the best!

FallenShitHole:


Have you asked why Dangote did not choose any Biafra region for his useless refinery? He know that Biafra must be restored and doesn't want to take such a risk.
This deal was scuttled because SEPLAT is Igbo owned company and the fulani led government is wary about this and is already panicking because of the divesting of Exxon Mobil. The fact remains there is nothing they can do to stop the SEPLAT acquisition of Exxon Mobil other than just prolonging it. It's a pity that my Igbo PVC Peter Obi/ Igbop presidency fools are not seeing any of the signs on the wall.

When Buhari pretended to have approved this deal about 4 days ago, I knew it was the usual fulani taqiya way of confusing the gullible Igbos into thinking he meant well for them, but now see how the real fulani treachery has come into play. In the end, Exxon Mobil must pull out and no other company other than SEPLAT or other Igbo companies will close this deal.

Hi sir. Kindly look at the majority shareholders of SEPLAT. 90% is owned by Foreigners.