Divestment: Contractors move against Agip, threaten to seize company’s facilities

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The contractors are seeking President Bola Tinubu’s intervention in the matter.

The contractors said it would be “inhuman” and “lack of global best practices” to allow the deal to sail through without settling all debts owed them by the company.

The contractors called on President Ahmed Bola Tinubu to wade into the transaction and ensure that all outstanding debts were paid before the conclusion of the acquisition. “Whilst we hold no objection to the purported acquisition, we are concerned about what happens to the monies NAOC owes all its contractors.

“Government regulatory agencies, as well as all security agencies, should please prevail seriously on NNPC/OANDO to please save the contractors from impending calamity and to forestall landlords and host community contractors from resorting to self-help which will include, but not limited to, ensuring the stoppage of all NAOC operations in our host communities.”

 

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