Sahara Energy’s Tonye Cole In Messy Battle To Keep Business Together!

Chief Executive Officer Sahara Energy, Tonye Cole is in a messy fight to keep his business and reputation together.

Sources confirmed that his business now sits at a precarious edge thanks to the petroleum subsidy probe that has unravelled the last vestige of influence that enhance his business transactions.

Sahara Energy is accused of under hand dealings that has earned it a black spot with the government.

The company is currently facing intense scrutiny for past official transactions.

This development is said to have led to the suspension dealings with government – the bedrock of it’s operations.

Informants claimed this development is greatly hurting it’s existence.

It has stretched the company to the limits to satisfy it’s clients.

It’s major money maker- the deal with the government of Ghana is hugely threatened over inability to meet up with supply.

Against the background of controversies trailing the manner Sahara Energy secured it’s contract in the country- sources tagged this development ‘very grave’

With the colouration of been forced to buy kerosene at open market and sell as adulterated aviation fuel to unsuspecting clients in the mix- followers of events claim, this is certain a troublesome period for Tonye Cole and his crew.

Sources divulged that moves by Tonye to get his company out of murky waters of business resulted into a reversal effect.

He was said to have embarked on a public relations spree of gifts and donations to the probe panel investigating his company’s activities- the move was reportedly spurned and added to charges against him and his company as ‘bribery allegations’

The particular case of cake and money gifts to Hon Farouk Lawan, the Chairman of the House of Representatives ad hoc committee on fuel subsidy probe on Valentine day is now being used to substantiate related charges against Tonye Cole and Sahara Energy.

Sources confirmed Tonye is ‘heavily distressed’ about the way out of the business logjam rapidly taking away points off his reputation as a deft business administrator at present.

Sahara Energy Field LTD is supposed be involved in Oil and Gas Exploration and Production activities in Nigeria and operates marginal field in Nigeria.