Akwa Ibom government slaps Mobil for attempting to sell assets without consent

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The Akwa Ibom state government has chastised Mobil Producing Nigeria for attempting to sell some of its assets without its consent.

The government has called the company’s action irresponsible for not informing it as a partner of its intention to conduct such significant activity on the shared assets.

Recall that MPN Unlimited recently announced its decision to sell its stake in Nigeria to Seplat Energy, an independent oil and gas company, via its wholly-owned subsidiary, Seplat Energy Offshore Limited.

ExxonMobil Upstream Oil and Gas Chairman Liam Mallon said the sale would enable Mobil to prioritize competitive investments in its strategic assets, supporting the Nigerian government’s efforts to expand its oil and gas operations.

However, Akwa Ibom State Attorney General and Commissioner for Justice, Mr. Uko Essien Udom (SAN), said the government had taken legal action to stop Mobil from proceeding with the sales.

Speaking in Uyo over the weekend, Mr Udom briefed reporters on another pending case involving ExxonMobil and the Akwa Ibom state government initiated by the company following the revocation of certain certificates of occupation.

He said the attempt to sell some of the assets shared by the two parties and the company’s alleged plans to move out of state would further jeopardize the outcome of the original lawsuit.

Mr Udom said: “The Akwa Ibom state government had to take legal action preventing Mobil from proceeding with the plan to sell its assets, and that is because there is an ongoing litigation. between Mobil and the Akwa Ibom State Government.

“The attempted sale of its assets, some of which may include Akwa Ibom State-owned assets, has been handled in a rather heartbreaking manner.”

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