GTB 737 banner
Bayelsa Oil Debunks Rumours Of Sale Of Company

By GRANDNEWS on 27/09/2019

Share on facebook Yahoo mail icon Gmail icon

Views: 419

The Bayelsa State owned oil company, Bayelsa Oil Company Limited  (BOCL), has debunked rumours making the rounds in the oil rich state the company was being offered for sale.

The company’s chairman, Chief Solomon Agwana, denied the allegation in a statement he personally signed and made available to newsmen.

Agwana said “The attention of the Board of Directors and Management of the Bayelsa Oil Company Limited  (BOCL) has been drawn to a news report on an online medium wherein unfounded allegations were levelled against the Managing Director of our company.

“The report, sadly, ignored the time honoured journalistic best practice of crosschecking facts and getting potentially opposing views before publication.

“The said medium quoted copiously from a letter allegedly written by Consider Oruah to the Chairman of the Board Of Directors Of BOCL wherein the petitioner complained about a purported sale of interests in BOCL and its assets.

“Though we are currently in negotiations to alter our relationship with existing partners and in discussion with prospective investors, the allegations in the publication are false. Besides, I did not receive any such letter from the said Consider Oruah. BOCL has also not sold its shares or property.

“BOCL embodies the aspirations of the entire people of Bayelsa State regarding control and management of her resources. In line with this, BOCL has partnered with companies and will continue to seek out credible investors to work with to produce its assets and grow its reserves and asset base as every forward thinking company will do.

“Bayelsa State has one of the largest crude oil and natural gas deposits in Nigeria and our focus in BOCL is to acquire more of these assets for the benefit of our people. We therefore urge all to treat the report as idle gossip.

“We are grateful for the continued support of the Government of Bayelsa State, especially in these trying times as we reaffirm our commitment to the upliftment of the lives and livelihood of all Bayelsans!”, the statement read.



Posted 27/09/2019 09:31:45 AM


Share on facebook Yahoo mail icon Gmail icon


You may also like...
Christmas: Buhari Asks Criminals, Looters To Retrace Their...

Court Discards Ganduje’s Emirates

Photo News: Ondo Armed Forces Remembrance Day

PDP Chairmanship: Daniel consults Danjuma

NYSC orders six corps members to repeat service...

Omo-Agege Commiserate With NUJ Over Death Of Four...

Mogadishu truck Bomb: Death toll now 267.

Lagos CP: Police disagree with Service Commission

LASTMA KILLINGS: Sanwo-Olu Talks Tough • Says Lagos...

Dollar Scandal: Court Clears Ganduje Of Bribery Allegations...

Turkey demands extradition of 18 Saudis over Khashoggi...

Yuletide: Nigerians need not worry about fuel scarcity...


Trending News At Davos Trump Appeals To Voters, Attacks ‘Prophets Of Doom’ Climate Activists Senators Clash As Trump Impeachment Trial Begins 10-man Arsenal Battle Chelsea To A Draw Supreme Court Verdict: Mark Congratulates Ortom Buhari Condemns Killing Of CAN Chairman Andimi By Boko Haram Nigerian Words ‘Okada’, ‘Tokunbo’, ‘Mama Put’, Others Emerge In Oxford Dictionary Update 2022 World Cup: Nigeria Faces Giant Killer Cape Verde As CAF Releases Draw For Qualifying Campaign Asaba Court Of Appeal Complex Ready Feb. 3, Okowa Assures We’ll Take Full Advantage Of Lagos-Ibadan Rail Projects – Makinde • As Amaechi Decries Slow Pace Of Work Delta Assembly To Collaborate With State Police Command To Tackle Security Challenges LSETF To Host Maiden Employment Summit LASG Clarifies Position On ‘Okada’, ‘Keke’ • Debunks List of Restricted Routes


Most Read Asaba Masacre: Indigenes recall sad experience, warn IPOB against drums of war (339,696 views) Asaba Genocide : Soyinka, Kukah, Duke, others to speak at colloquium * Organisers roll out projects to immortalise victims. (337,758 views) Delta LG polls holds Jan. 6, 2018 (337,356 views) Bayelsa @ 21: Dickson calls for renewed hope (336,623 views) NIGERIA @ 57: Rededicate yourselves to Nigeria’s growth, Okowa tells elite (336,249 views) The Vagabonds Of Sambisa (3,509 views) BREAKING : Obiano wins Anambra governorship election (3,245 views) UNBELIEVABLE : Ghost Companies Lift N1.1tr Crude Oil In 10 Months (3,090 views) One On One Session With Atiku Abubakar, GCON (3,082 views) Glo-sponsored Onitsha Ofala Festival Begins (2,948 views) RUSSIA 2018: Nigeria in ‘trouble’ (2,825 views) The Rise And Fall Of Jacob Zuma (2,817 views)


SECTIONS News (1,271) Breaking News (35) Business & Economy (342) Politics & Policy (575) Niger Delta (283) Interviews (5) Sports (213) Entertainment (55) Stock & Forex Watch (0) Foreign (247) Sound Bite (8) Health (46) Editorials (1) Columnists (10) Letters (1) Opinions (34) Cartoons (0)



Rochas Okorochas Declare War On Buhari, Tinubu & Oshiomohole


APO Group Partner