Forte Oil PLC
Ardova Plc (nke a na-akpọbu Forte Oil PLC) bụ ụlọ ọrụ ike ụmụ amaala, nke hiwere isi na Lagos, Nigeria, na-arụ ọrụ ogologo oge na Ghana. Ọ na-arụ ọrụ nke ọma na mpaghara ala nke ụlọ ọrụ mmanụ na gas nke Nigeria, mana agbasawo azụmahịa ya na mpaghara ndị ọzọ nke oke uru ike. Nkewa nke ala ala na-ahụ maka nkesa nke ngwaahịa mmanụ ala dị iche iche; Mmụọ moto adịchaghị (PMS), mmanụ dizel, mmanụ ụgbọ elu, mmanụ ọkụ, yana ọtụtụ mmanụ mmanụ maka ụgbọ ala na igwe dị iche iche; ekesara nke ukwuu na ụgbọ ala, ụlọ ọrụ mmepụta ihe, ụgbọ elu na ahịa mmiri.
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| Company type | Public |
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| Headquarters | , |
Area served | West Africa |
Key people | Abdulwasiu Sowami (Chairman) Olumide Adeosun (Chief Executive Officer) Moshood Olajide (Chief Financial Officer) Oladeinde Nelson Cole (Legal Adviser) |
| Products | Petroleum products Fuel Oils Jet A-1 fuel Lubricants Gas cylinder |
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| Website | ardovaplc.com |
Acquisition
dezieEnergy mogul Femi Otedola was awarded $19 million in an arbitration case regarding the share purchase agreement (SPA) relating to the acquisition of Forte Oil, now Ardova Plc.[1]
The agreement was reached in response to a decision made by the London Court of International Arbitration (LCIA) in October, which mandated that Ignite Investments and Commodities Limited, Chairman Abdulwasiu Sowami of Ardova's special purpose acquisition company, make SPA payments less the sum granted for one of Zenon Petroleum's claims.
Later, the business would argue that Zenon Petroleum had infringed on its warranty with regard to the SPA, which prompted Ignite Investments to file a lawsuit in which it asserted claims against Zenon.[2]
In order to acquire their 25.9% holding (970.7 million shares) and take Ardova private, Mr. Sowami offered minority shareholders N17.38 per share, or N16.9 billion, in February.
History
dezieIn 2015 they signed an $83 million contract with Siemens to upgrade the 414 MW plant, the work is due to be completed in 2016[3]
Board of directors
dezieAs of 1 September 2023, Forte Oil's directors include:[4]
- Abdulwasiu O. Sowami – Group Executive Chairman
- Moshood Olajide – Chief Executive Officer
- Olusola Adeeyo – Non-Executive Director
- Aniola Durosinmi-Etti – Non-Executive Director
- Aminu Umar – Non-Executive Director
- Alhahi Umaru Sani - Non-Executive Director
Edemsibia
dezie- ↑ Okonkwo (2023-05-12). Ignite Ltd completes $19 million payment to Zenon for acquisition of Ardova Plc. (en-US). Nairametrics. Retrieved on 2024-05-23.
- ↑ Maduakor (2022-08-09). We are not party to wind-up court case instituted by Zenon Petroleum- Ardova Plc (en-GB). Investogist. Retrieved on 2024-05-23.
- ↑ Nsehe. "Nigerian Billionaire Femi Otedola's Forte Oil Signs $83 Million Contract With Siemens", Forbes. Retrieved on 2017-08-29. (in en)
- ↑ Ardova Plc: Shareholders Board Members Managers and Company Profile | NGAP00000004 | MarketScreener (en-US). www.marketscreener.com. Retrieved on 2025-02-17.