Chairman of Heirs Holdings Tony Elumelu has restated his commitment to delivering more to the Niger Delta region following the holdings’ unconditional acquisition of a 45 per cent participating interest in Nigerian oil licence OML 17 and related assets, Igbere TV reports.

He stated this in a Twitter thread on Monday while speaking on the latest acquisition.

“TNOG Oil and Gas presents a historic, defining moment for Nigeria. It demonstrates renewed investor confidence in the Nigerian economy, reassures global investors of the nation’s untapped investment opportunities, and affirms our commitment to improve lives and transform Africa,” Mr Elumelu said.

“TNOG Oil and Gas OML17’s current production capacity is 27,000 barrels of oil equivalent per day and 2P reserves of 1.2 billion barrels of oil equivalent, combined with an additional 1 billion barrels of oil equivalent reserves of further exploration potential.

“Led by a board and management with deep expertise in production, exploration, and value creation in the resources sector, TNOG Oil and Gas is committed to the highest standards of safety, health, & community relations, with best practice in governance.

“As an indigene of the Niger Delta, I have always believed that the region needs and deserves far more. At TNOG Oil and Gas, our guiding philosophy of Africapitalism underscores our commitment to inclusive development & shared prosperity with our host communities.”

https://twitter.com/TonyOElumelu/status/1351122408950927362?s=20

The transaction is one of the largest oil and gas financings in Africa in more than a decade.

Let the Leaders keep exposing themselves by themselves.

Later they'll start arresting innocent souls who called Nigeria a Scam

That's a huge stake, 45% to just one coy.. that's massive.

Congrats elumelu.

scammers everywhere

Tony Elumelu is a go-getter. His business philosophy has little respect for ethics. He is willing and ready to cut corners and to corner cuts. He is a hardnosed capitalist from his days at STB till today. A smooth operator who functions effectively as a silent front to top men in government all over Africa. A street-wise man with very lengthy antenna and often exhibits ghost-mode disposition in high places.

Great man not all these noise makers

Damnnn niggarrrr
Isoright

God bless Nigeria.

Well, na Niger Delta oil so you deserve it.

Is he eyeing it?

Modified

He has already acquired so huge stakes

Na Wa O

Yea..the region should be next to Dubai....

Do you need logo, banner, business care or flyer designs for your business....contact me now...
Get my number from my signature below

Way to go

Good To Hear

Yes

Go tell their leaders to take a chill pill on their corruption and spend appropriately not lavishly.

You mean NIGERFOOLISH.


Only to make noise and proof stubborn.
They use all their resources to develop north and their drinking water is poisonous because of spillage.

Ok

Niger delta!!!
Same niger delta that fg pays it's indigenes monthly stipends but those in Rivers, and bayelsa state still resort to kidnappings.

Same niger delta that, edo, delta, rivers and awka ibom youth prefers cultism to education.
Same niger delta that Imo state girls objectified themselves as sex toll.

Same niger delta that ogun state made ritual and skull mining their favourite occupation.

The 2 most dread cult group are birthed in niger delta.
Nbm- edo
Vicking- rivers.

Abeg talk another thing.

In Nigeria

Oil well + time = Billionaire

Business moves oh $1.1billion

Nonsense oil wey don dey lose value na tesla dey take over

Niger Delta ke? I thought some people say this man na Igbo. Which reputable billionaire Igbo people come get na

Nah eh! No qualms
This is so sophisticated

All we need now is Wike as president.

We deserve more.....our leaders, village heads, chiefs, politicians, Niger Delta Avengers, Militants are the major blockade to our regional growth and prosperity... it will never end well for the wicked.

.....

Niger delta have always deserved more but the govt always throw a blind eye to that fact.

Daddysidhan:
Niger Delta ke? I thought some people say this man na Igbo. Which reputable billionaire Igbo people come get na

Lolz...
Do your research about Niger Delta
Igbos are the biggest tribe there
Although Niger Delta is the brain child of the ijaws nd co (so the are regarded as the true Niger Delta) but population wise the Igbos take the lead

Tony is an Igbo man
His name is Tony onyemachi Elumelu