President Muhammadu Buhari has reversed the approval of the acquisition of the ExxonMobil Corporation assets by Seplat Energy Plc.
Presidential Spokesman, Garba Shehu, made this known in an interview with Premium Times on Wednesday.
Shehu said the president has decided to reverse the acquisition in line with the position of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in the deal.
The presidential spokesman said earlier confusion was because various agencies involved in the decision had not coordinated well among themselves.
