Seplat Energy Plc (NGX: SEPLAT) Has threatened to sue anyone involved in disseminating false information related to its business.
The company issued the threat in a press release signed by Emeka Onwuka, its Chief Financial Officer.
In the press release seen by Investogist, he company said;
Seplat Energy has become aware of news and social media reports alleging impropriety in the process of securing ministerial consent to the acquisition of Mobil Producing Nigeria Unlimited by
Seplat Energy Offshore Limited.
Such reports are wholly untrue and the Company will pursue legal action against any parties involved in disseminating
false information related to its business.
On Monday, Seplat said that it has received the approval of President Muhammadu Buhari to proceed with its cash acquisition of the entire share capital of Mobil Producing Nigeria Unlimited from its shareholders, Mobil Development Nigeria Inc. and Mobile Exploration Nigeria Inc., being entities of Exxon Mobil Corporation registered in Delaware, USA.
On the same Monday, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), has rejected President Buhari’s approval. saying that the issue is a regulatory one and that “status-quo” remains, adding that NUPRC as the regulator is the sole decision maker on the transaction and not the president.
The statement reads in part, “The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) affirms that status quo remains in respect of ExxonMobil/Seplat Energy share acquisition.”
The Government of Akwa Ibom even weighed into the matter, warning Seplat Energy against move to acquire the shallow water assets of Producing Producing Nigeria Unlimited (MPNU).
Nnamdi Maduakor is a Writer, Investor and Entrepreneur