BELEMA Oil Unveils New CEO, Reveals Plans to Focus on Fintech for Economic Boom

The Founder and President of Belemaoil Producing Limited Tein T.S. Jack-Rich says the company is on a threshold of rapid recovery, transformational growth, and industrial boom to realize its shared vision and deliver superior value to shareholders.

Jack-Rich stated this at a meeting of the Board of Directors and Management Staff of Belemaoil to formally unveil the company’s new Managing Director/Chief Executive Officer, Ahmadu Sambo as well as its new Chief Finance Officer, Emmanuel Onos.

He said the two appointees who are renowned finance experts and industry veterans, brings to bear their new roles in Belemaoil as an impressive combined experience of over 70 years and impeccable track records in Nigeria’s oil and gas industry.

Jack-Rich explained that the move aims to reset and revolutionize Belemaoil as a world-class E&P company, and to ensure that it becomes the best public enterprise for Nigeria and international equity investors.

He said Belemaoil, with over 1.2 trillion proven gas reserve, is now ready for multibillion-dollar cash flow and higher profitability for all shareholders, including the host communities as the Adamawa State born, U.S-trained finance expert takes over leadership as MD/CEO of the company.

In his response, the new Managing Director/Chief Executive Officer of Belemaoil, Ahmadu Sambo pledged to implement transformative reforms and drive rapid growth for the benefit of all shareholders.

He promised to adopt an all-inclusive approach to unleash the ambitious vision of the Founder/President and values of Belemaoil, to achieve the objectives of indigenous participation in Nigeria’s oil and gas industry.

Our correspondent reports that the appointments of Ahmadu Sambo as the new Managing Director/Chief Executive Officer of Belemaoil as well as Emmanuel Onos as Chief Finance Officer take effect from 1st September, 2024.