Mr Lekan Akinyanmi, the Chief Executive Officer of Lekoil Nigeria Limited, said his business now has four outstanding properties that would make an impact in Nigeria’s hydrocarbon industry, speaking on CNBC Africa recently.

He mentioned the company’s current management squabble and stated that the company will continue to protect its shareholders’ value. He stated that he is committed to providing higher returns to investors and other stakeholders in Lekoil Nigeria Limited and Lekoil Limited (Lekoil Cayman).

He said: “At present, we have four outstanding assets. Our asset at Otakikpo is producing just below 6,000 barrels per day and could go as far as 20,000 barrels per day. We have the Ogo field which is a discovery we made offshore Lagos. It is the largest discovery in Nigeria in the last ten years and was the third largest in the world in 2013.”

“Over the years, we have run the company properly, with essentially the best interests of shareholders in mind and advocated high corporate governance principles.”

Mr Lekan, who is also the sole major non-corporate shareholder in the company, condemned his dismissal as “an incorrect and incomplete narrative.”

“By the time there is full reckoning, the full picture will emerge for all to see,” he added.