Behind The Scene Details Of Tony Elumelu’s Inability To Operate Acquired Oil Block License

Behind the scene details reveal there are emerging talks about the Chairman of Financial Institution, United Bank for Africa.

And it centers around Elumelu’s inability to

operate the oil block license he did all to acquire.

Information available to societynow.ng revealed that the stylish bank chief acquired the oil block license in 2008.

Further findings revealed the chief promoter of Heirs Holding actually got the oil block license during late president Umaru Musa Yar’Adua’s regime.

The oil block is tagged OPL 2008.

Elumelu sealed the oil block license deal with one of his business concerns Tenoil Petroleum and Energy services Limited societynow.ng learned.

Tony Elumelu is the chairman of the petroleum company – with Tony Chukwueke listed as Managing Director.

Elumelu and Tenoil Petroleum and Energy Services Limited did not operate the oil block license until it expired in 2016, societynow.ng gathered.

Societynow.ng’s investigation revealed that emerging talks speculate over the inability to muster economic and political influences as the reason the oil block remained untapped.

But the billionaire businessman is described as still trying to ‘’make things work” with the petroleum and energy services company.

With Lagos as headquarter, Tenoil Energy has Port Harcourt, Eket and Warri as its planned operational base societynow.ng checks revealed.