Access Bank signs N25bn deal with FHN 26

According to a statement, the landmark deal signed in Lagos is a testament of the bank’s contribution to the development of the Nigerian oil and gas sector as well as its commitment to empowerment of stakeholders in critical sectors of the economy.
It would be recalled that FHN 26 Ltd emerged the winner for OML 26 during the last Shell divestment exercise.
Leading the FHN team, Mr. Ahonsi Unuigbe, its Executive Director and Chief Financial Officer, expressed delight at the success of the deal, noting that it came on the heels of increasing appetite of indigenous companies for asset portfolios expansion through anticipated DPR Marginal Fields bid rounds and the ongoing Shell onshore asset divestments.
Herbert Wigwe, Access Bank’s Group Deputy Managing Director, who described the deal as another laudable contribution by the bank, commended the management of FHN 26 Ltd for their performance over the past 3 years and affirmed the bank’s resolve to providing the required funding for economic transformation initiatives.
He also enjoined players in the oil and gas sector to tow the path of sustainable growth through enhanced technical capacity to ensure the industry remains credible enough to continue to attract significant level of funding required to support its growth.