The four children of the late MKO Abiola have cautioned Halliburton Energy Services Nigeria against partnering with Summit Oil, a company founded by their father, the presumed 1993 presidential election winner.
“We, the undersigned heirs and members of the family of the Late Chief M.K.O. Abiola, are writing to express our deep concern regarding your company’s recent agreement with Summit Oil Company Ltd,” the letter reads.
“As you may be aware, Summit Oil Company, being a legacy company formed by our late father, is currently embroiled in a serious legal dispute involving allegations of fraud and misappropriation of funds by two members of the Abiola family.
“It has come to our attention that your company has entered into a partnership with Summit Oil, under the management of these two persons, to re-enter and work the Oil Well to bring it back to production.”
“We believe that such decision of yours is fraught with significant risks and could have serious legal consequences for your company.
“By entering into that agreement, your company may be inadvertently aiding and abetting a fraudulent scheme. Furthermore, your company could also be subject to civil lawsuits, both in Nigeria and internationally, for engaging in business dealings with a company that is under investigation. Such lawsuits could result in significant financial damages and reputational harm to your company.”
The four Abiolas had also written a petition to Kayode Egbetokun, inspector-general of police, over alleged diversion and misappropriation of their father’s estate. They accused the two siblings of “self-appointing themselves as directors” of Summit Oil “without their knowledge”. They also claimed that the duo “entered into unauthorized business transactions” using their father’s company. They asked the IGP to investigate the actions over “serious breach of trust and violation of the law”.