NDEP ANNOUNCES APPOINTMENT OF NEW CHIEF FINANCE OFFICER (CFO)

Mr. Adegbola Adesina

Lagos, March 23, 2021: Niger Delta Exploration & Production Plc (NDEP), a foremost Independent Integrated Energy Company in Nigeria, has announced the appointment of Mr. Adegbola Adesina as its new Chief Finance Officer (CFO).

According to the Chairman of the Company, Mr. Ladi Jadesimi, “The appointment is in continuation of the Company’s ongoing, forward-looking preparations for the new challenges of growth and transformation as the emerging leading Nigerian independent Energy Company”.

Mr. Adesina is a first-class honours Bachelor’s Degree holder from the University of Lagos (2002) and also holds an Executive MBA (2019) from the INSEAD Business School. He is an Associate of the Institute of Chartered Accountants of Nigeria (ICAN) as well as a Chartered Financial Analyst.
Prior to this appointment, he was Chief Finance Officer at Greenville Oil & Gas from 2015 to 2017, where he helped set up the Finance function and led their Commercial and Financing initiatives. He was until his current appointment, the Head of Corporate Finance and Development at Newcross Exploration and Production Limited.

The new CFO has over 18 years of professional experience spanning Investment Banking, Financial Transaction Advisory, Audit, Project, and Management Accounting over a diverse range of businesses including private equity, energy and infrastructure, oilfield services, banking, and manufacturing.

His immediate past 10 years have been spent leading multi-disciplinary project teams that provided management, financial and accounting advisory services for project-specific and corporate transactions.
“With this appointment and seamlessly deploying the full strength of our talented in-house Finance function team, NDEP group expects a significant leap in further enhanced management of its impressive financial resources”, Mr. Jadesimi, added.

ABOUT NDEP PLC
Niger Delta Exploration & Production Plc (NDEP) is a foremost Independent integrated Energy Company. Incorporated on March 25, 1992 (as the Midas Drilling Fund) it assumed its current name in November 1996. The Company offers its shareholders investment opportunities in exploration, production and development of oil and natural gas. It also invests in downstream and midstream assets. The Company attained First Oil from its flagship asset – The Ogbele marginal Field on August 28th, 2005 and has successfully produced crude oil from more than ten wells it had drilled so far. Today NDEP is a leading Energy Investment Company, with its fully owned subsidiary (NDPR), the Company remains Nigeria’s foremost independent operator of small to medium sized fields.

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