• Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Interviews
  • Sports
Facebook X (Twitter) Instagram
Trending
  • Before the Fire Spreads
  • Awujale Succession: Government Cannot Abdicate Its Statutory Responsibility
  • Tinubu Reads Riot Act to Security Agents Pre-election Violence: Confront Anyone Seeking to Disrupt Public Order
  • Old Anthem, Old Politics: Obi’s Unpresidential Performance
  • Toluwanisings: Police Arraign Prophet, One Other Over Alleged Body Desecration, Defamatory Social Media Content
  • S’West Will Deliver Millions of Vote for Tinubu, APC, Say Obanikoro, Ojo, Adeyeye, Jafojo, Other SWAGA Leaders
  • UNIJOS Prof. John Akosu Adeiyongo at 70
  • Ipetumodu Stool And Limit Of Obaship Affront
Facebook X (Twitter) Instagram
The Gazelle NewsThe Gazelle News
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Education
  • Interviews
  • Sports
The Gazelle NewsThe Gazelle News
Home » Crisis Hits Abiola Family Over Oil Asset As Other Children Accuse Kola, Wuraola of Fraud; Warn American Company Not To Do Business With Summit Oil 
featured

Crisis Hits Abiola Family Over Oil Asset As Other Children Accuse Kola, Wuraola of Fraud; Warn American Company Not To Do Business With Summit Oil 

Abimbola OgunaikeBy Abimbola OgunaikeSeptember 14, 2024No Comments37 Views
Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
Share
Facebook Twitter LinkedIn Pinterest Email


The family of late MKO Abiola, is currently embroiled in crisis following alleged fraud in one of his oil assets, Summit Oil Company Ltd. 

Chief Moshood Kasimawo Olawale (MKO) Abiola was the acclaimed winner of the June 12, 1993 Presidential Election, regarded as the freest and fairest election in Nigeria. The election was however annuled by the military junta headed by General Ibrahim Babangida.

Abiola died in detention trying to reclaim the mandate given to him by the Nigerian people.

Since his death, there has been no love lost among his children with the children of Abiola’s first wife, Simbiat, led by his eldest son, Kola, always in the eyes of the storm.

The latest issue now is the story that Halliburton Energy Services Nigeria Ltd is approaching the company for unspecified business transaction. The company has done business with the Kola-led Abiola children in the past allegedly under false representation by Wura and Kola.

Therefore, it was not a surprise when they indicated interest on resuming business activities with the group again.

The latest attempt by Halliburton Energy to revive business transaction with Summit has incurred the anger of four children of late MKO Abiola: Olalekan, Hafsat Abiola-Costello, Abdul Mumuni and Kafila Abiola and they have responded by writing to Halliburton Energy Services Nigeria Ltd to terminate any business deal with Summit Oil Company Ltd or face legal action. 

The four Abiola children are accusing Kola and Wuraola of perpetrating financial crimes and have gone ahead to file a formal complaint against them in the Office of the Inspector General of Police. 

They followed it up with a letter titled, “Urgent Warning to Halliburton and Anchor Point to Cease and Desist: Avoid Collusion with Fraudulent Management of Summit Oil Company Ltd”, and addressed to the Managing Director CEO Halliburton Energy Services Nigeria Ltd. 

In the letter, they introduced themselves as heirs and members of the family of the Late Chief M.K.O. Abiola and was writing to express their deep concern regarding Haliburton’s recent agreement with Summit Oil Company Ltd.

The letter reads in part, “As you may be aware, Summit Oil Company, being a legacy company formed by our late father, is currently embroiled in a serious legal dispute involving allegations of fraud and misappropriation of funds by two members of the Abiola family, Kola Abiola and Wuraola Abiola.

“It has come to our attention that your company has entered into a partnership with Summit Oil, under the management of these two fraudulent persons, to re-enter and work the Oil Well to bring it back to production. 

“We believe that such decision of yours is fraught with significant risks and could have serious legal consequences for your company.

“By entering into that agreement, your company may be inadvertently aiding and abetting a fraudulent scheme. 

“When it is later determined that Kola Abiola and Wuraola Abiola have indeed misappropriated funds from Summit Oil Company, your company could face criminal charges for conspiracy and other related offences of aiding and abetting crime.”

Halliburton Energy Services Nigeria Ltd MKO Abiola Summit Oil Company Ltd
Share. Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email
Abimbola Ogunaike

    Related Posts

    Before the Fire Spreads

    November 14, 2026

    Awujale Succession: Government Cannot Abdicate Its Statutory Responsibility

    November 14, 2026

    Tinubu Reads Riot Act to Security Agents Pre-election Violence: Confront Anyone Seeking to Disrupt Public Order

    November 14, 2026

    Before the Fire Spreads

    November 14, 2026

    Awujale Succession: Government Cannot Abdicate Its Statutory Responsibility

    November 14, 2026

    Tinubu Reads Riot Act to Security Agents Pre-election Violence: Confront Anyone Seeking to Disrupt Public Order

    November 14, 2026

    Old Anthem, Old Politics: Obi’s Unpresidential Performance

    November 14, 2026
    © 2026 All Rights Reserved. The Gazelle News. Designed By DeedsTech.

    Type above and press Enter to search. Press Esc to cancel.