Mr Kyari sent Yemi Adetunji, the executive vice president (downstream), to represent him while Mr Ahmed also sent Soji Soloye to appear...
Mr Kyari and the Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority , Farouk Ahmed, were last week summoned by the committee over the deal.Background to NNPC Limited/Oando’s dealOVH Energy Marketing Limited’s downstream assets to add what it said was over 380 filling stations to its portfolio.
In addition, the report highlighted how Huub Stoksman, an expatriate and former Chief Executive Officer of OVH Energy, emerged as the new managing director of NNPC Retail, a development that further compounded the structure of NNPC Retail.the NNPCL to suspend the OVH acquisition pending an investigation by its committee.Mr Kyari sent Yemi Adetunji, the executive vice president , to represent him while Mr Ahmed also sent Soji Soloye to appear before the committee.
The Chairman of the Committee, Abubakar Nalaraba, asked the duo if they were able to speak on behalf of their principals, and they answered “no”. Following their responses, Mr Nalaraba ruled that the hearing could not proceed just as he lamented that the panel was behind schedule.
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