Introduction: The recent acquisition of OVH Energy by the Nigerian National Petroleum Company (NNPC) has stirred significant attention, not only within the oil and gas sector but also among the general public. OVH Energy, a key player in Nigeria’s downstream oil industry, is known for its extensive network of retail stations and its pivotal role in fuel distribution. This acquisition marks a major shift in the landscape of Nigeria’s energy sector. However, the transaction has been marred by controversy, primarily due to allegations of President Bola Tinubu's involvement in the deal. The NNPC has denied these claims, but the situation has left many questions unanswered, leading to growing concerns about the transparency of the process. The Controversial Acquisition: The NNPC’s acquisition of OVH Energy is a significant move, as it consolidates the company’s position in the downstream oil market. OVH Energy, which operates under the Oando brand, boasts one of the largest retail netwo...
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