Amb. Comrade Emeni Ibe Congratulates Aradel Holdings Plc Over Completion Of SPDC Acquisition

The President General of Apex Niger Delta socio-cultural group, Orashi National Congress, Amb. Comrade Emeni Ibe (JP AP), who doubles as the National President of the Southern Youth Foundation of Nigeria, has heartily congratulated Aradel Holdings Plc over the successful completion of the landmark acquisition of Shell Petroleum Development Company of Nigeria (SPDC) by Renaissance Africa Energy Holdings.

While speaking to newsmen on Monday 17th March, 2025, in Port Harcourt, Amb. Comrade Emeni Ibe first lauded Aradel Holdings for their corporate impact and very cordial relationship with the host communities in the Orashi region.

The ONC PG said,”Following the successful acquisition of the entire (100%) equity holding in the Shell Petroleum Development Company of Nigeria (SPDC) by Renaissance Africa Energy Holdings and the subsequent receipt of all regulatory approvals required for the transaction, I, Amb. Comrade Emeni Ibe, on behalf of the Orashi National Congress, ONC, other stakeholders in the Orashi region and Southern Youth Foundation of Nigeria, SYF, heartily congratulate Aradel Holdings Plc for achieving this great feat”.

“While we rejoice with Aradel Holdings, we laud the Federal Government for entrusting an indigenous company with the huge opportunities and responsibilities, which this historic acquisition presents.”

“We happily join Adegbite Falade, MD/CEO of Aradel Holdings, their shareholders and stakeholders to appreciate all who helped to ensure an enabling environment for this great acquisition including the Honourable Minister of Petroleum Resources, the CEO of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the GCEO of the Nigerian National Petroleum Company Limited (NNPCL) for their inputs and efforts towards the completion of the landmark acquisition.”

“It is very obvious that this feat by an indigenous company will help accelerate the development of Nigeria’s oil and gas resources, as well as attract meaningful economic and social development to the Orashi region and the Niger Delta region as a whole.”

“We are hopeful that Aradel Holdings, which has been recognized widely for genuine corporate impact and cordial relationship with host communities in our region, will forge greater synergy with our people going forward. Once again, we congratulate and wish Aradel Holdings the very best as the company breaks new corporate grounds” Amb. Comrade Emeni Ibe concluded.