Live Breaking News & Updates on Sheba Exploration Production Company

By Rasheed Adigun
In the past few weeks, the management of Seplat Petroleum Development Company has been attempting to twist the narrative in its ongoing suit against Access Bank Plc, in a bid to attract public sympathy.
Unfortunately, Seplat which has failed to honour its obligation appears not to be bothered about the implication of its bad behaviour on its reputation as a listed company on both the globally-respected London Stock Exchange and one of Africa’s bourse, the Nigerian Stock Exchange.
It is disheartening to note that A.B.C Orjiako, the chairman of Seplat Petroleum Development Company; Seplat as a company; Cardinal Drilling Nigeria Limited, another company associated with the businessman, and Kalu Nwosu, Managing Director of Cardinal Drilling Nigeria Limited, through their sponsored articles now view the move by a commercial bank to recovery its legacy debt that had been put at $85.8 million as corporate bullying and a move for hostile takeover!. ....

United States , United Kingdom , Federal Capital Territory , Abuja Federal Capital Territory , Nigeria General , City Of , Justice Rilwan Aikawa , Francis Chuka Agbu , Kalu Nwosu , Justice To Taiwo , Kunle Ogunba , Rasheed Adigun , Cardinal Drilling Services , Lagos Division Of The Court , Access Bank , Asset Management Corporation Of Nigeria , Development Company Plc , High Court On , Sheba Exploration Production Company , Access Bank Plc , Production Company , Diamond Bank , Nigerian Stock Exchange , London Stock Exchange , Messrs Kunle Ogunba Co , Seplat Petroleum Development Company ,