Following the explosion and sinking of the Trinity FPSO, without journalistic research or confirmation, Hawilti published a press release on its website on 03 February 2022, falsely associating Atlas and its OML 109 operations in a damaging manner.
Following threat of legal action by ATLAS, Mr. Mickael Vogel, Director and Head of Research, in a letter dated 07 February 2022, acknowledged that “It seems that our coverage was based on misinterpreted information. There was a lack of due-diligence from our editorial desk”.
It is gathered that Hawilti is currently subject to litigation by investors whose funds were questionably secured by Mr. Vogel who refused to transfer the agreed equity to same investors. ATLAS, upon learning of Hawilti’s shady history was wary of the purport of Hawilti’s misinformation, given the potential damage that could have been caused in respect of ATLAS’ ongoing investor relationships.
Upon receipt of Hawilti’s apology and retraction, especially the acknowledgement of the lack of due diligence of its editorial desk, Prince Arthur Eze, Chairman of ATLAS, stated that he had been shocked by the particular interest of “these shady characters” in ATLAS’ business, but he had forgiven Hawilti and warned Mickael Vogel and Hawilti against continued engagement in fraudulent activity in Nigeria and Africa. He urged them to follow best business practice.
We can confirm that Hawilti’s website currently bears the retraction on its front page.
Distributed by APO Group on behalf of Atlas Petroleum International.Representative Office in London
1c Barnes High Street
London SW13 9LB, UK
Tel: +44 (0) 20 8878 0212
Fax: +44 (0) 8878 0270
Lagos Office
Plot 8, Water Corporation Way
(Off Ligali Ayorinde Street)
Oniru Estate, Victoria Island
Lagos, Nigeria
Tel/Fax +234 (0)1 2120876
© Press Release 2021
Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.
The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.
To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.
