Bunmi AdulojuSayyu Dantata, one of Nigeria’s wealthiest families, funded the Nigerian National Petroleum Company Limited for the purchase of oil blocks from Chevron Corporation, Bloomberg reports.
Bestaf, it said, is a group of companies that is part of MRS, a conglomerate belonging to the family of Sayyu Dantata, the 53-year-old younger half-brother ofAccording to the report, Bestaf companies develop real estate, manufacture lubricants, store shipping containers and provide support vessels. MRS and Bestaf didn’t respond to requests for comment, Bloomberg said.
The NNPC will repay Bestaf over 4.5 years and it is expected to deliver 8,000 barrels of crude per day to Dantata’s company throughout the duration of the contract between the parties, Bloomberg said, quoting the company’s financial statements.
NNPC bought Chevron for Dantata. Deja vu if you asked me, but don't ask me.
Accounting student, how do you account for “support” as a purchase consideration during consolidation again?😁
Lol... Nigeria is a crazy country.
The refinery at Ibeju Lekki has secured 8000 barrels of Crude oil worth over $1b by paying $300m… I love Nigerian movies
A round of applause 😂😅👏 🙌🏿 👌🏿
O_ladotun seen this
The game is the game.
Are there serious people in this country again? What is all these nonsense we are reading daily. Now NNPC is buying Chevron assets for MRS?
The evil hands of Dangote in denying Seplat it's right to acquire Chevron's assets,is FINALLY revealed.
Interesting times? Supported nnpclimited ?
I dont gerrit
A private firm loaned money from a bank to re-loan a government company. Indirectly, NNPC purchased Chevron's assets for MRS.
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