NNPC Ltd. has robustly denied allegations made by former Vice President Atiku Abubakar that current President Bola Ahmed Tinubu and Wale Tinubu are entangled in a fraudulent acquisition of OVH. In a detailed response, NNPC clarified that Oando, previously linked with Wale Tinubu, had fully divested its equity interests in OVH by 2019, leaving Vitol and Helios as the sole equity partners. The company emphasized its commitment to commercial viability and national interest, detailing the merger strategy involving NNPC Retail Ltd. and OVH. NNPC also highlighted its strong financial performance under Mr. Mele Kyari’s leadership, reporting N3.3 trillion in profit after tax for 2023.
Energy, Corporate Finance,Nigeria
https://mergersacquisitions.einnews.com/article/737552233/rtgtucM3SqANsZ13?ref=rss&ecode=Q1vNcweEggLWKz7L