Seawolf Oil Fields Services, AMCON’s Biggest Debtor With N160.09billion Liability Casts Mystery Around Promoters, Yanks Off Official Website Detailing Management Team!

Seawolf Oil Fields Services the company identified as the biggest debtor of Asset Management Corporation of Nigeria (AMCON) has cast a cloak of mystery around the people it’s operations.

Digs by societynowng.com revealed the outfit reportedly established in April 2007 has yanked off it’s official website bearing details of it’s management team.

‘’It is an embarrassment to be publicly and professionally identified with such a debtor company’’ a source inferred reason for the development.
The website which is said to be proudly parade the company’s mission statements, goals and objective and intimidating array of management team now has the notice ‘’undergoing construction’’ when efforts are made to access it.

The address is Seawolfoilfields.com.
Societynowng.com gathered the company was set up with the prestigious ambition of ‘’as a special purpose vehicle, with the primary objective of achieving premier Nigeria status in the ownership and operation of major high-value offshore oilfield assets which was formerly in the grasp of foreign interest’’

But information available revealed inability to meet up with expectations resulted in defaults in repayments of huge loan facilities that served as start up capital before things degenerated into the point of inability to meet up obligations to staff.

AMCON had acquired the company’s loan as a bailout strategy of sort for those who got their fingers burnt in the investment and obviously as things noose dived the promoters quickly adopted the clandestine approach of masking their involvement with a company with the qualifier ‘’biggest debtor’’ by yanking off the official website – the platform that directly links them to it’s operation.