By; PATRICK TITUS, Uyo
The Akwa Ibom State Government has advised investors who wish to acquire shares at Mobil Producing Nigeria Unlimited (MPN) Shallow Water Assets to desist forthwith or will do so at own risk.
Attorney General and Commissioner for Justice in the State, Uko Essien Udom, SAN stated this in statement obtained by our correspondent on Wednesday in Uyo.
Udom, in the statement, explained that the said assets are under subsistence court order retraining any transaction on the property.
This however, follows recent publication credited to Mr. Femi Adesina, Special Adviser to President Muhammadu Buhari (Media and Publicity) that the President has consented to acquisition of the assets by Seplat Energy.
Akwa Ibom state government release reads, “Our attention has been drawn to a publication by Femi Adesina, Special Adviser to the President (Media and Publicity), to the effect that President Muhammadu Buhari, in his capacity as Minister of Petroleum Resources has consented to the acquisition of shallow water assets of Mobil Producing Nigeria Unlimited by Seplat Energy.
“This is to inform the general public that this proposed transaction is subject to restraining orders of injunction of the High Court of Akwa Ibom State, sitting in Uyo in Suits No. HEK/56/2018, ATTORNEY GENERAL OF AKWA IBOM STATE V. MOBIL PRODUCING NIGERIA UNLIMITED and HU/209/2020, MOBIL PRODUCING NIGERIA UNLIMITED V. GOVERNOR OF AKWA IBOM STATE & 3 OTHERS. Exxonmobil, Seplat Energy, NNPC Ltd and the Federal Government of Nigeria, all have actual knowledge of the court orders, having been duly served with the orders and/or various newspaper publications of same.
“This executive interference with the judicial process of a court of competent jurisdiction is sad and ill-advised, and is contemptuous of the High Court of Akwa Ibom State. The State urges the Nigerian Upstream Petroleum Regulatory Commission to take the above facts into consideration as it considers its position in this matter.
“TAKE NOTICE THEREFORE that anyone who deals with the shares or assets of Mobil Producing Nigeria Unlimited during the subsistence of the said orders and in the pendency of the above suits does so at their own risk. Let the buyer beware.”
