JB is a Finance expert with huge experience in Finance, Risk Management, Treasury, Internal Controls, General Administration, Procurement, and Information Technology. While at Forte, he was a member of the Executive Management Team that restructured a then moribund company into a vibrant industry player.
Browsing: Forte Oil Plc
As a testament to its extensive credentials as Nigeria’s leading end-to-end financial services organization, Stanbic IBTC Holdings Plc, a member of Standard Bank Group, has leveraged its deep financial services knowledge and expertise in successfully supporting the acquisition of a majority stake in Forte Oil PLC by Ignite Investments and Commodities Limited, an affiliate of Prudent Energy and Services Limited.
Olumide Adeosun, Chief Executive Officer, Forte Oil Plc, says the company’s new management will not delist its shares from the Nigerian Stock Exchange or buy out the minority shareholders through Mandatory Tender Offering.
The shareholders made the demand in an interview with the News Agency of Nigeria in Lagos on expectations from the new management team following Femi Otedola’s divestment.
Femi Otedola on Wednesday announced his exit from Forte Oil Plc with divestment of 75 per cent stake in the company.
Majority shareholder of Forte Oil Plc, Femi Otedola , is planning to buy out the company’s upstream services and power distribution firm to be ratified by the shareholders on February 7.
The Skye Bank Plc management, according to TheCable also indicted Akinsola Akinfewa, Kehinde Durosinmi-Etti and Oguntayo, all former GMDs of the bank; the Chairman of Forte Oil Plc, Femi Otedola; Festus Fadeyi; and Jide Omokore, the Chairman of Atlantic Energy and business partner of former Minister of Petroleum Resources, Diezani Alison-Madueke, in the letter to Osinbajo
evidence of Lawan collecting the said bribe from Otedola
tatistics obtained from the Nigerian Stock Exchange for the period showed the stock, which in 2016 was worth N330, depreciated by 74.42 per cent to close trading at N84.43 per share