President Muhammadu Buhari has consented to the acquisition of Exxon Mobil shares in the United States of America by Seplat Energy Offshore Limited.
A statement by Femi Adesina, Special Adviser on Media and Publicity to the President indicated that Exxon Mobil had entered into a landmark Sale and Purchase Agreement with Seplat Energy to acquire the entire share capital of Mobil Producing Nigeria Unlimited from Exxon Mobil Corporation, Mobil Development Nigeria Inc, and Mobil Exploration Nigeria Inc, both registered in Delaware, USA.
In line with the Petroleum Industry Act, the President granted consent to the Share Sales Agreement, as requested by the parties to the transaction and directed that the approval be conveyed to all the parties involved.
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Who are the owners of Seplat? When a president okays acquisition like this 'a cabal' is involved in Seplat.
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