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The Chief Executive Officer of Sahara Group has stepped down from the management of the indigenous oil firm, planning to contest the Rivers State governorship election in 2019.

Cole’s resignation was announced by the board and management of the oil firm in a statement Akelicious obtained last night.


In a two-page statement, the company restated its apolitical stand, stressing that in line with the group’s corporate governance policy, it neither “sponsors nor backs any political party or actor in all of the markets it operates including Nigeria.

The statement came on the heels of media reports that Cole had already been endorsed as the preferred candidate of the ruling All Progressives Party, (APC) in Rivers State in the 2019 governorship election.

The statement said: “The Sahara Group wishes to state for the record that as a non-political and non-partisan group, it is not affiliated to any political party in any country we operate in and does not engage in Nigerian politics. Cole’s decision to participate in active politics is his individual preference and choice to which he is entitled.

“In accordance to Sahara Group’s Corporate Governance Charter and International best practice which prohibits any of our key Management or Board members from partaking in active politics, promoting or supporting any particular political organization or ideology, Cole has resigned all his board appointments and day to day responsibilities for the Sahara Group companies and its affiliates with immediate effect.

“We take the opportunity to further re-iterate that the Sahara Group of Companies is a non-political organization and has never had any political ties or affiliations to any political party, group or personalities whatsoever in Nigeria or in any of the jurisdictions in which we have business activities.

“We are a business focused on delivering value and quality services to our customers, stakeholders and the economy through innovation, efficiency and global best practices,” the statement said.

The Sahara Group of companies also involved in initiatives, alliances and activities aimed at strengthening its corporate governance and compliance systems.

http://www.akelicious.net/2018/09/tonye-cole-resigns-from-sahara-group.html

Nice, Tonye is a great guy, but I hope he doesn't make the same mistake Adelabu made

APC can't win the governorship seat in river state

Wike we know.

Drakkernoir:
Nice, Tonye is a great guy, but I hope he doesn't make the same mistake Adelabu made

What mistake did Adelabu make?

casualobserver1:
What mistake did Adelabu make?

Resigning from his post as the deputy governor of CBN, when he wasn't sure he was gonna get the nod for the governorship post in his party

A technocrat leaving his calling and going into the murky and unpredictable waters of politics. This is not good at all.
I hope he is not joining the evil satanic enclave masquerading as a political party

Drakkernoir:
Resigning from his post as the deputy governor of CBN, when he wasn't sure he was gonna get the nod for the governorship post in his party

Wow. That is a big miscalculation. Thank you for telling me.

Great guy but APC is the wrong vehicle

SalamRushdie:
Great guy but APC is the wrong vehicle

dey need his money

yerokunphilips:
APC can't win the governorship seat in river state

Every time " APC can't win elections in Rivers", but anytime a small election is held in Rivers state,PDP still struggles. So what the heck!?

Hitherto, I preferred folks from the private sector to enter the political scene, but after the performance of Udom Emmanuel, I became skeptical. But hey! He and his colleagues managed Sahara efficiently so the jury is out.

20 million of this guy can't defeat Nyesom Wike.