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Friday, September 28, 2018 07.21AM / Proshare Content
Forte Oil Plc has expressed reservations over the inclusion of its
name in an article published on September 25, 2018 vide SkyeBank - The Rise, The Fall
And The Bridge in relation to any possible involvement.
In section 3 of the article, the author sought to identify ‘what
roles insider related loans played’ in bringing the bank down relying
extensively on publicly available information; and thus listed out several
individuals and entities whom the bank represented as at 2017 had exposures
with the bank; all of which had become non-performing leading to the recent
intervention by the Central Bank of Nigeria.
Forte Oil represents that it should never have been included in
the said list/article.
Specifically, Forte Oil avers that:
Importantly, Forte Oil would like for its shareholders and the
wider investing public to be aware of the non-existent commercial relationship
with Skye Bank Plc.
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5. Skye Bank Plc:
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