Addax Petroleum CEO arrested over Nigeria operation

Addax Petroleum [Photo: Africa Oil & Gas reports]

The management of Addax Petroleum Nigeria Ltd. on Saturday confirmed that Geneva Prosecutor’s Office was conducting a criminal investigation into allegations focusing primarily on the company’s business in Nigeria.

The company’s Communications Officer, Michael Owhoko, confirmed in a statement in Lagos that the Chief Executive Office of its Geneva Office, Zhang Yi, and the legal director were under arrest.

According to the statement, Addax Petroleum is taking the matter seriously and will be responding appropriately to the investigation.

“This matter is the subject of an ongoing investigation, we are unable to comment further at present,’’ it said.

The News Agency of Nigeria (NAN) reports that the chief executive officer and legal director of Addax Petroleum, Geneva, have both been arrested in Geneva and charged with suspected bribery of foreign officials.

The spokesman for Canton’s Prosecutor, Henri della Casa, had told Reuters on Friday that a criminal procedure had also been opened against the company — bought by China’s state-owned Sinopec, Asia’s largest oil refiner in 2009.

“I can confirm that the Geneva prosecutor has opened a criminal investigation into bribery of foreign officials and that the company, Addax and its director-general and legal director are the subject of it,’’ della Casa said. (NAN)


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  • amah sossy

    Any company that operates in Nigeria must be involved in bribery, stealing and money laundering. Has DSS carried integrity test on these companies? God help this country please.

    • Olasupo Ayoola

      Amen.

  • Omooba Adekunle Orafidiya

    From a certificate forger and perjurer called Muhammadu Buhari as President to legislators with questionable academic and moral credentials and a bribe-prone Judiciary, plus a citizenry that is not averse to graft, Nigeria is just bad news all round.

    • burning spear

      separation is the only way out———————————for this is stupid—————————————————-the same wetin concern agbero with over load——Are the owners of the land where the oil wells are located in the SS——involved———————-in exercise———————Naaaaaaaaaaaaaaaaaaaaaaaaa———————-those who won the oil wells————-are the Tripod————————————-Fulanis—————–Yorubas and Ibos——————

    • El-Batuta

      With people like you that are blind, deaf and dumb to all reason and light, and with hearts cast in stone of tribalism and hatred how would you expect something different?

    • kinsly

      As usual , same empty brain comments.

  • Rommel

    Perhaps something is really wrong with Nigeria,how come the country thrives so much on deep rooted corruption?

    • Olasupo Ayoola

      Good point, let that country,Nigeria take a look at her world of diabolics. She will definitely get the answer. When a land is being directed by a group of anti christ, and men and women of little faith, the result is allways predictable.

      • niran ade

        ..anti christ, little faith, these words doesn’t measure success. South Korea is a perfect example, yet they set the standards and thrive along the lines of excellence. Jesus or Muhammed will not erect my structures or channel my sewage. Let us be reasonable and not allow Western GoD divide us.

        • Olasupo Ayoola

          All leaders are God chosen until they prove otherwise, when lack of God’s wisdom is so obvious, your leaders can only share badly. By the way, the anti christ issue refers to the voodoo industry. They are part and parcel of the decision making cohorts.

          • manny

            Please leave God out of Nigerians criminality against human being. Some Nigerians if not most are criminally satanic. God did His work for us by blessing us both human and natural minerals most great country on this surface of earth do not have but Devil came to instill his people or his agents to be in charge.

          • Olasupo Ayoola

            You just said it,Devil, how do you get rid of the Devil?.

  • Queen

    Every company in Nigeria is fraudulent, that is the foundation the country is built on. From the very top all the way to the bottom, everyone in Nigeria is corrupt

    • Queen

      Nigeria is synonymous with corruption. That’s what everyone abroad sees Nigeria and its people as. How can you have such a big economy but yet almost 70% of the population is living below the poverty line. Nigeria should be ashamed of it self

      • Mark Benny

        clap for yourself analyst. Allow us be, no country in the world is not corrupt, but as George Orwell says; all animals are equal, but some are more equal than the others