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Sahara Energy debunks Story linking Company to Diezani Saga



Sahara-Energy-GroupSahara Energy has distanced itself from the Diezani saga by condemning a story published by an online news outlet. Read the press release below.

Our attention has been drawn to the falsehood being peddled on news websites following the story published on the a Nigerian news website on October 2, 2015 titled: “$50Billion Oil Fraud: Diezani, Aluko, Aiteo, Sahara Energy, Omokore, Wagbatsoma For Trial”.

Sahara is utterly appalled by the untruth portrayed by the publication and hereby wishes to use this medium to clarify the fictitious and baseless allegations in the story – for the benefit of our stakeholders across the world and the general public.

We state the following for the record

Falsehood: “$50Billion Oil Fraud: Diezani, Aluko, Aiteo, Sahara Energy, Omokore, Wagbatsoma For Trial”.

Fact: There is absolutely no truth about Sahara’s involvement in any such trial and none of the Directors, Management or Staff of Sahara has been arrested or interrogated by any local or international security agency.

We have since commenced plans for a legal action to ensure that the peddlers of these false and malicious stories are prosecuted.

Falsehood: “Others slated to face trial for varying degrees of fraud and money laundering are: Transfigura which is unable to account for $80million, Ontario Oil which defrauded the oil sector of $135million, Aiteo $150million, Sahara Energy $120million.

Fact: It is on record that Sahara, since its inception almost 20 years ago, has not and never ever been associated with any case relating to fraud in the oil sector. The company has through recent verifiable publications restated its position on its operations in the oil sector, where it remains a leading organization noted for integrity, professionalism, commitment to good governance principles, service excellence and quality assurance.

Falsehood: “Other oil firms named in the defrauding of the Nigerian people are Ontario, which failed to account for $135 million, and Sahara Energy, accused of skipping the payment of $120 million to the government.”

Fact: Sahara has an excellent history of transparent transactions with the government which continue to contribute to the nation’s economic growth and development. We wish to state categorically that there is no outstanding sum due to the government from Sahara in line with our commitment to doing business efficiently, diligently, and transparently, whilst adhering to best practice and good corporate governance. This position can easily be verified from the relevant government agencies.

Falsehood: “The Swiss report revealed that Sahara Energy, Rahamaniyya Group, Aiteo Energy Resources Limited, Ontario Oil and Gas Limited, Tridax Energy, Mezcor Limited and MRS Group had established subsidiaries, also called letter-box companies, in Geneva, Switzerland.”

Fact: The story makes reference to the misleading Berne Declaration report that alleged certain trading companies perpetrated fraud through “letter-box” companies. We consider it unfortunate that the untruth peddled in the flawed report has been widely replicated and syndicated since it was released in 2013. The Sahara Group has over the years witnessed robust growth that has seen it establish offices in Lagos, Abuja, Calabar, and Port Harcourt in Nigeria, Accra and Tema in Ghana, Abidjan in Cote D’Ivoire, Dubai in the United Arab Emirates, Geneva in Switzerland and Singapore.

Sahara’s operational office (over 450m2 office space) in Geneva, Switzerland is located at 7, Quai du Mont-Blanc, 1201 Geneva and has total staff strength of 45 people. In line with Sahara’s Corporate Responsibility activities, the Geneva office has partnered with several Non-Governmental Organisations (NGOs) including English Speaking Cancer Association (ESCA), Le Care and Hopiclowns Project to promote health awareness and capacity building.

It is on record that Sahara remains a Corporate Citizen of note across the jurisdictions where it operates and its entities continue to receive certifications and acclaim from governments and respected global authorities.

In addition, Sahara’s membership of the World Economic Forum’s Partnering Against Corruption Initiative (PACI) reinforces our commitment to transparency and best practice in all our operation.

Finally, we note with grave concern that the malicious story by – like others we have had to refute in recent times – besmirch the pristine tenet of “facts are sacred” that Journalism represents. It would appear that individuals, businesses and in deed, the government are at the mercy of an increasing band of unschooled “online publishers” who have no regards for ethics and integrity.

The above is a disheartening and worrying development that requires the intervention of the Nigerian Union of Journalists, the Nigerian Press Council and other media stakeholders.

Sahara, as we have stated repeatedly, will not hesitate to take legal action against any individual or organisation that peddles stories targeted at tainting the excellent reputation which the Sahara Group has built over the past 20 years.

Please click below links to access this statement and other useful information from our website:



  1. jide

    October 7, 2015 at 11:10 pm

    Tonye Cole u ain’t gonna deny your way out of this. Just wait your turn ok? the elders say turn by turn na so life be. They will yank you soon. And all the milllions you paid in tithes to RCCG ain’t gonna save your arse. Just wait your turn.


    • Ada Nnewi

      October 8, 2015 at 6:46 am

      Lmao! Exactly what I said!

    • emeka

      October 8, 2015 at 9:00 am

      Jide, we have been reading about these falsehoods for long and of course because they are baseless, they will remain smear campaigns. The truth will always stand the test of time

  2. jasmine

    October 7, 2015 at 11:21 pm

    Oh? Hahahahahaha. Sahara reports? First time

  3. Anon

    October 7, 2015 at 11:34 pm

    Coughs. When attention shifts to the Aviation sector, what will they spin?

  4. mabel

    October 8, 2015 at 3:18 am

    Oh he’s a member of RCCG? Oh they won’t be ‘yanking’ him soon and you know why. Yes that’s why.

  5. Dayo

    October 8, 2015 at 7:54 am

    Hmm, Nawa. And bringing down a man / indigineous company that has employed and feeding thousands of nigerians directly or indirectly is bringing blood to your veins and making u happy?!! Naija i hail una!! Until we change our mindset in this part of the world, we will continue to be our own number 1 enemies. Focus on the big picture pple.

  6. emeka

    October 8, 2015 at 8:54 am

    Facts will always be sacred. Why do we always celebrate falsehood? Sahara should go ahead and prosecute the people behind the baseless allegations, we should not settle for smear journalism. I am confident that one conviction will really check these fake online websites.

  7. janet

    October 8, 2015 at 9:50 am

    I really took time to read this and believe that except the authorities can say otherwise, then Sahara has by this statement offered a strong argument backed by facts. Who controls online journalism by the way? Shouldn’t we be wary of the fact that anybody can be at the mercy of people who decide to put up anything they please. Scary thought I must say.

    • Ada Nnewi

      October 8, 2015 at 1:05 pm

      Which strong argument did Sahara put up without any figures to buttress their statement? Sahara grew and expanded so fast because they and Capital Oil headed by Ifeanyi Uba are the leading oil companies that were used by the last administration to siphon billions of Naira through the Kerosene Subsidy Scam…There is no hiding place for any of them anymore so they are running around like headless chickens…

    • evylyn

      October 8, 2015 at 2:08 pm

      Another false hood swallowed hook line and sinker. I remember that some years back Baseless allegations about the kerosene issue were made and everyone knows that they were spun from the wind. This wind has been blowing forever and it appears Sahara keeps expanding…I could do with that type of wind myself! They have challenged authorities and unbelievers with this statement. If no one has any facts to counter, except hoping for some wind to expose something, then leave matter!

    • Ovadje

      October 8, 2015 at 2:15 pm

      The same “figures” that Pointblanknews put up. For example, when a company accused of being a ‘letter-box’ company proffers its bricks-and-mortar corporate address (even added the number of employees thereat and community groups it’s work with), there about as much a “strong argument” as any.

  8. Sugar

    October 8, 2015 at 12:35 pm

    There is no smoke without fire and in every rumor there is always a TRUTH in it.

    • Ovadje

      October 8, 2015 at 2:09 pm

      Actually, there is…

  9. Idomagirl

    October 8, 2015 at 1:05 pm

    *holds laugh*

    We dey here, breeze go soon blow, fowl Nash go open.

    • Idomagirl

      October 8, 2015 at 1:06 pm


  10. evylyn

    October 8, 2015 at 2:15 pm

    God. How we love the lazy life of wishing people evil just because they are successful. If truly Sahara has been indicted for anything, how come they have not been called out by anyone? They have dared everything transparency stands by this statement. How say ye Nigeria? I checked their website saw a statement on the aviation issue as well. Stands to reason except someone comes up with superior Easton. Check their site if you are above pettiness and small mindedness

  11. evylyn

    October 8, 2015 at 6:01 pm

    Ovadje the point being that a letter box company wouldn’t have an established presence. Would Sahara still be doing business in Geneva if all these allegations were true? That report was released in 2013 and this is 2015 and Sahara is still growing. I did some Google search on the aviation issue and found that has also been a while and Sahara remains a foremost player in the sector. Until we see superior argument, we will keep going round in circles and wishing good businesses like Sahara away. Long shot it would appear. Next topic Bella!

  12. Eniola

    October 10, 2015 at 9:21 am

    It is high time we all stood to be counted. If you read a dubious story online, write a comment or say something to let the falsehood peddler know they are wrong. Mushroom and under-the-table online journalist like pointblank do a lot of damage to the ethics and integrity of Journalism. This should be discouraged. It smirks of laziness, wickedness and other ill virtues for pointblanknews to make such baseless assertions without even doing any basic research to find the truth available in the public domain. What a shame on them. The truth will always withstand any and all forms of thunderous falsehood no matter how wild it rages.

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