OVH: NNPC replies Atiku over claim on subsidiary acquisition by Tinubu’s nephew

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  • The Nigerian National Petroleum Corporation (NNPC) Limited has refuted the claims that Oando Plc and its CEO, Wale Tinubu, hold a 49% stake in the acquisition deal involving its retail subsidiary and OVH Energy
  • In a statement on Thursday, NNPC spokesperson, Olufemi Soneye, said the allegations made by Atiku Abubakars aide regarding the deal are inaccurate and false
  • Paul Ibe, an aide to Atiku, had claimed that OVH’s acquisition of NNPC Retail Ltd. was a criminal hijack orchestrated by a corporate cabal around President Tinubu

NNPC reacts as Atiku claims Tinubu’s nephew, Wale Tinubu, held a 49% stake in OVH.
Photo credit: Atiku Abubakar, Adewale Tinubu, Asiwaju Bola Ahmed TinubuSource: FacebookOVH: NNPC described Atiku’s claim as falseThe attention of NNPC Ltd has been drawn to a press release signed by Mr. Paul Ibe, a Media Adviser to the former Vice President, Alhaji Atiku Abubakar.In the statement, the former Vice President was quoted to have lamented the criminal hijack of the NNPC by corporate cabals around the current President.He was also quoted to have listed the retention of Mr. Mele Kyari as the Group Chief Executive Officer of NNPC Ltd as a compensation for the alleged acquisition of NNPC Retail Ltd by OVH in which he claimed Mr Wale Tinubu held 49% stake.NNPC Ltd wishes to set the records straight with the following facts: We are a commercially-focused and profit-driven company managed by professionals who are committed to adding value to the nation.Investment decisions by NNPC Ltd Management are strictly determined on the basis of commercial viability and national interest.”Kyari blasted for travelling amid fuel scarcity

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