EFCC declares Chappal Energies CEO wanted

The Economic and Financial Crimes Commission (EFCC) has declared Ufoma Immanuel, the Managing Director and Chief Executive Officer of Chappal Energies, wanted over alleged involvement in fraud.

In a notice released on Wednesday, the anti-corruption agency said Immanuel is being sought for allegedly obtaining money under false pretence and forging documents in connection with the case.

“The public is hereby notified that UFOMA JOSEPH IMMANUEL, whose photograph appears above is wanted by the Economic and Financial Crimes Commission (EFCC) in an alleged case of Obtaining Money by False Pretence and Forgery,” the statement reads.

“Ufoma Immanuel is 46-year-old indigene of Edo State and his last known address is: 77, Nelson Mandela Street, Maitama Abuja.”

The EFCC urged members of the public with credible information to report to its offices across the country, including those in Ibadan, Uyo, Sokoto, Maiduguri, Benin, Makurdi, Kaduna, Ilorin, Enugu, Kano, Lagos, Gombe, Port Harcourt and Abuja.

The notice said tip-offs can also be sent via the EFCC’s hotline 08093322644 or email [email protected].

Immanuel was appointed as the managing director of Chappal Petroleum Development Company ‘Chappal’ in January 2021.

Chappal is an ESG-focused, energy-independent company established to extract deep value from distressed brownfield upstream opportunities in the Niger Delta region of Nigeria.

Immanuel, who is one of the founding partners of Chappal, was the former head of corporate finance and strategy at Eroton Exploration and Production.

In September, an $860 million divestment by TotalEnergies to Chappal Energies collapsed after Chappal failed to meet critical financial obligations.