People & Money

Buhari Refuses Ministerial Consent For ExxonMobil $1.6bn Assets’ Sale To Seplat

Nigeria’s President Muhammadu Buhari has declined Ministerial consent for ExxonMobil’s $1.6bn assets’ sale to Seplat, according to a highly placed oil and gas industry source.

This was contained letters sent to the ExxonMobil  and Seplat Chairman by the Upstream Petroleum Regulatory Commission NUPRC signed by the chief executive officer, Gbenga Komolafe

The letter from the NUPRC stated the position of the President, Muhammadu Buhari who is the substantive Minister of Petroleum Resources on the deal.

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