Business A.M
No Result
View All Result
Thursday, March 5, 2026
  • Login
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
Subscribe
Business A.M
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us
No Result
View All Result
Business A.M
No Result
View All Result
Home Frontpage

Mai Deribe, former MD Cavendish Petroleum, dissociates from OML 110 publication

by Admin
January 21, 2026
in Frontpage, Oil and Gas

Ben Eguzozie, in Port Harcourt

 

Ibrahim Mai Deribe, former managing director of Cavendish Petroleum Ltd, has distanced himself from an online media statement with respect to Oil Mining Lease (OML) 110 purportedly originating from him as MD of the oil company, a position he had long ceased to be.

According to Mai Deribe, he never signed the statement in the capacity of managing director, did “not author any such statement in any capacity – personal or otherwise. I have also not caused another to write on my behalf neither have I had any just or probable cause to author such false, misleading and malicious statements with respect to the revoked OML 110.”

He said, “I had also ceased to be the Managing Director of Cavendish Petroleum for a long time; so, to attribute a statement from me in that capacity or otherwise should be seen for what it is – a disdainful, calculated attempt by unscrupulous agents to mislead, malign and impugn on my integrity and that of others so mentioned for whatever sinister reasons.”

The former oil company chief executive said, he completely dissociates himself from the false statement attributed to him, and subsequent malicious report published on some faceless online sites without any proof to back it up whatsoever.”

He described the statement as “highly libelous in its entirety.”

He said, the statements and report were not reflective of his opinion, thoughts or the true state of things based on the facts available.

The former oil chief said, “to the best of my knowledge, neither Cavendish Petroleum nor anyone associated with the company has authorized or caused the publication of the said false statements.”

He informed the public and other stakeholders in the oil industry, to discountenance the purported statement as malicious against the persons mentioned, false, misleading; and did not originate from him in any capacity.

He also, urged the unsuspecting public and all stakeholders to disregard the statement in its entirety; as he will not hesitate to pursue all legal means to prevent and protect his name and reputation from any further misuse and/or misrepresentation – in any capacity.

Admin
Admin
Previous Post

Covid-19 pressure holds Nigeria remittance inflows by jugular

Next Post

Price accretion in Wapco, FBN holding, Access Bank called for the bulls on Monday as investors made N34bn profit

Next Post

Price accretion in Wapco, FBN holding, Access Bank called for the bulls on Monday as investors made N34bn profit

  • Trending
  • Comments
  • Latest
Igbobi alumni raise over N1bn in one week as private capital fills education gap

Igbobi alumni raise over N1bn in one week as private capital fills education gap

February 11, 2026

Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

November 20, 2017

How UNESCO got it wrong in Africa

May 30, 2017

CBN to issue N1.5bn loan for youth led agric expansion in Plateau

July 29, 2025

6 MLB teams that could use upgrades at the trade deadline

Top NFL Draft picks react to their Madden NFL 16 ratings

Paul Pierce said there was ‘no way’ he could play for Lakers

Arian Foster agrees to buy books for a fan after he asked on Twitter

Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026
All federal airports fully insured , says Kuku

FAAN to adopt hybrid payment system at Airport toll gates after Tinubu suspends cashless rollout

March 5, 2026
Google expands AI Search to Yorùbá, Hausa to boost local language inclusion

Google expands AI Search to Yorùbá, Hausa to boost local language inclusion

March 5, 2026
Vitafoam shareholders approve N125m bonus issue, N3.75bn dividend after earnings rebound

Vitafoam shareholders approve N125m bonus issue, N3.75bn dividend after earnings rebound

March 5, 2026

Popular News

  • Igbobi alumni raise over N1bn in one week as private capital fills education gap

    Igbobi alumni raise over N1bn in one week as private capital fills education gap

    0 shares
    Share 0 Tweet 0
  • Glo, Dangote, Airtel, 7 others prequalified to bid for 9Mobile acquisition

    0 shares
    Share 0 Tweet 0
  • How UNESCO got it wrong in Africa

    0 shares
    Share 0 Tweet 0
  • CBN to issue N1.5bn loan for youth led agric expansion in Plateau

    0 shares
    Share 0 Tweet 0
  • What’s Behind the Fourth-Quarter Earnings Dip?

    0 shares
    Share 0 Tweet 0
Currently Playing

CNN on Nigeria Aviation

CNN on Nigeria Aviation

Business AM TV

Edeme Kelikume Interview With Business AM TV

Business AM TV

Business A M 2021 Mutual Funds Outlook And Award Promo Video

Business AM TV

Recent News

Gold hits fresh record above $3,640 as Fed rate cut bets intensify

Gold extends rally to $5,222 as weaker dollar, Asian demand lift prices

March 5, 2026
All federal airports fully insured , says Kuku

FAAN to adopt hybrid payment system at Airport toll gates after Tinubu suspends cashless rollout

March 5, 2026

Categories

  • Frontpage
  • Analyst Insight
  • Business AM TV
  • Comments
  • Commodities
  • Finance
  • Markets
  • Technology
  • The Business Traveller & Hospitality
  • World Business & Economy

Site Navigation

  • Home
  • About Us
  • Contact Us
  • Privacy & Policy
Business A.M

BusinessAMLive (businessamlive.com) is a leading online business news and information platform focused on providing timely, insightful and comprehensive coverage of economic, financial, and business developments in Nigeria, Africa and around the world.

© 2026 Business A.M

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Technology
  • Finance
  • Comments
  • Companies
  • Commodities
  • About Us
  • Contact Us

© 2026 Business A.M