- On 31 July 2014, Afren has temporarily suspended its CEO, Osman Shahenshah and the COO, Shahid Ullah
- During an independent review by Willkie Farr & Gallagher, evidence had been uncovered showing the CEO and COO were in receipt of unauthorised payments
- These payments were not made by Afren
- The investigation continues, no conclusive findings to date
- No evidence found that any other directors involved
- Egbert Imomoh (Non-Executive Chairman) has been appointed as Executive Chairman
- Toby Hayward (NED) has been appointed as interim CEO
- Afren's H1 2014 results, originally scheduled for 4 August 2014, will now be postponed to no later than the end of August
SUPPLEMENTARY
OML113 and OPL 310
Aje and Ogo
