Intervene in MKO Abiola’s oil firm operations, son Abdulmumuni begs Tinubu

Abdulmumuni, son of late billionaire businessman, MKO Abiola, has appealed to President Bola Tinubu to caution his half-brother, Kola, over the dealings involving their late father’s company, Summit Oil.

Afinju FM
2 Min Read

He noted that while Tinubu was a friend of Abiola before his death, the squabble over the running of his father’s asset shouldn’t be witnessed while Tinubu is in office.

Abdulmumuni had also accused Kola and his sister, Wura, of independently running the oil company, one of their father’s many enterprises, without the consent of other family members.

Abdulmumuni who revealed this in a television programme, lamented that Kola and his sister, Wura, made themselves the Executive Chairman and Managing Director, respectively; a move which he termed as illegal.

Kola and Wura are some of the children of Abiola’s first wife, Simbiat; while Abdulmumuni, and some others, are children of the second wife, Kudirat.

Abdulmumuni noted that the oil company, among others, was captured in his father’s will.

He recalled that he had written a petition to the Inspector-General of Police, Kayode Egbetokun, to probe the oil company’s operations.

He lamented that the company has 20 million barrels of oil, which, according to him, is enough for Abiola’s children and grandchildren to survive.

According to information obtained from the company’s website, Summit Oil International Limited is a pioneer oil company that was founded in 1990 by Abiola to embrace the independent indigenous upstream oil company concept. OPL 205, located largely in the Anambra Basin on the north edge of the Niger Delta, was granted to Summit in 1990.

Share This Article
Leave a comment

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  • https://stream.zeno.fm/dk8ldnmy1wbvv