Mkpoikana Udoma
Port Harcourt — Oando Plc has been awarded the prestigious ‘Deal of the Year’ award at the Africa Energy Week, following the company’s successful $783million acquisition of Nigerian Agip Oil Company, NAOC, a significant milestone in its 30-year history.
NAOC is the second IOC acquisition by Oando in the past decade, a major step in the company’s strategic plan to strengthen its operational capabilities and increase its footprint in the energy sector.
The award highlights Oando’s strategic expansion as it becomes the operator of one of Nigeria’s leading oil assets, further cementing its position as a key player in the African energy sector.
Speaking on the award, Mr. Wale Tinubu, Group Chief Executive of Oando Plc, expressed his pride in the company’s achievement, noting that the deal represents much more than a successful transaction.
Tinubu on his official X handle, extended his gratitude to the team, partners, and financiers who, accodidng to him, have played a critical role in bringing the vision to life, emphasising that their collective effort was key to making the achievement possible
“This award is more than just an accolade for a successful deal closure; it represents a public acknowledgement of the culmination of 30 years of grit, hard work, resilience, and sheer belief in our vision.
“It is a testament to my belief that with the #HumansOfOando, impossible is nothing. I’d like to thank the dream team – the #HumansOfOando, our financiers, and partners for their belief and role in making this award a reality,” Tinubu tweeted on Wednesday.
