Chappal Energies boss declared wanted over alleged fraud
The Managing Director and Chief Executive Officer (CEO) of Chappal Energies, Ufoma Immanuel, has been declared wanted by the Economic and Financial Crimes Commission (EFCC).
According to a public notice issued on Wednesday, the anti-graft agency made said Immanuel is wanted for an alleged case of obtaining money by false pretence and forgery.
The notice reads: “The public is hereby notified that UFOMA JOSEPH IMMANUEL, whose photograph appears above is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of Obtaining Money by False Pretence and Forgery”.
“Ufoma Immanuel is 46-year-old indigene of Edo State and his last known address is: 77, Nelson Mandela Street, Maitama Abuja.”
The EFCC urged members of the public with credible information to report to its offices across the country, noting that, tip-offs can also be sent via the EFCC’s hotline 08093322644 or email info@efcc.gov.ng.
Chappal is an ESG-focused, energy-independent company established to extract deep value from distressed brownfield upstream opportunities in the Niger Delta region of Nigeria.
One of the founding partners of Chappal, Immanuel was appointed as the Managing Director of Chappal Petroleum Development Company ‘Chappal’ in January 2021.
He was the former head of corporate finance and strategy at Eroton Exploration and Production.
In September, an $860 million divestment by TotalEnergies to Chappal Energies collapsed after Chappal failed to meet critical financial obligations.
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