- Ardova Plc is set to become a private company after its chairman AbdulWasiu Sowami decided to buy out all shares
- The oil billionaire acquired Ardova from Femi Otedola when it was called forte oil in 2019.
- The deal to buy out the existing shareholders is said to be worth over N16 billion and this will turn the company from a public company to private
AbdulWasiu Sowami, a billionaire oil tycoon, has offered to buy out minority owners in Ardova Plc through his Ignite Investments & Commodities Limited.
Sowami whose name became known after he acquired Ardova from Femi Otedola in 2019.
