In 2020, Sowami acquired a controlling stake in Forte Oil from Otedola’s Zenon Petroleum and Gas Limited.
Abdulwasiu Sowami
-
-
Sowami owns 74.1 percent of the oil marketing firm’s issued shares.
- Hot News
Nigerian billionaire Femi Otedola’s Zenon wins $19.2-million arbitration award against Ardova
Ardova reported a $8.93-million loss for the 2021 fiscal year.
- Hot News
Ardova dismisses winding-up order, as Femi Otedola’s Zenon serves majority shareholder petition over $6-million debt
The once promising relationship between Otedola’s Zenon and Abdulwasiu Sowami’s Prudent Energy has taken a new turn.
- Hot News
Nigerian billionaire Femi Otedola’s Zenon Petroleum takes Ardova to court over $6-million debt
The winding-up petition adds to the pressures on Ardova and its majority owner.
- Hot News
Abdulwasiu Sowami’s Ardova finalizes acquisition of Nigeria’s largest downstream oil group
Ardova is now Nigeria’s largest indigenous publicly-listed downstream energy group.
-
The Nigerian oil company Ardova has announced plans to acquire Enyo.