The Hand of Shebah, The Voice of Seplat

How ABC Orjiako is balancing his books

In 2 separate trades in December and January, Shebah Petroleum sold 30 million units of shares it owned in Seplat Petroleum. What is more interesting is that Shebah Petroleum is owned by ABC Orjiako, the Chairman of Seplat. Those 30 million shares he sold represented more than 30 percent of the 85 million shares he previously owned in Seplat. The questi…

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