{"id":1870,"date":"2014-10-06T11:56:25","date_gmt":"2014-10-06T10:56:25","guid":{"rendered":"http:\/\/oilnewskenya.com\/?p=1870"},"modified":"2018-11-23T14:28:04","modified_gmt":"2018-11-23T14:28:04","slug":"afren-corruption-investigation-report-expected-in-mid-october","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/afren-corruption-investigation-report-expected-in-mid-october\/","title":{"rendered":"Afren corruption investigation report expected in mid-October"},"content":{"rendered":"

Afren an independent oil & gas company listed on the Main Market of the London Stock Exchange, with a diversified portfolio of production, development and exploration assets in 10 African countries and Kurdistan region of Iraq says it expects the report from the independent review being conducted by Willkie Farr & Gallagher (UK) LLP in mid-October.<\/p>\n

The report that will provide details on alleged receiving of unauthorised payments by the CEO Osman Shahenshah and the COO, Shahid Ullah.<\/p>\n

To date Willkie Farr & Gallagher (UK) LLP according to Afren has identified no evidence during the course of the expanded.<\/p>\n

\u201cThe Board remains of the view that the assets and operational position of the Company have not been negatively affected,\u201d reads a statement by Afren.<\/p>\n

The Company adds it continues to keep the FCA informed of the progress of the investigation.<\/p>\n

In Africa Afren has operations in Kenya, Tanzania, Ethiopia, Ghana, Ivory Coast, Seychelles, Madagascar, Nigeria and South Africa.<\/p>\n","protected":false},"excerpt":{"rendered":"

Afren an independent oil & gas company listed on the Main Market of the London Stock Exchange, with a diversified portfolio of production, development and exploration assets in 10 African … Read More<\/a><\/p>\n","protected":false},"author":2,"featured_media":1691,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[11],"tags":[59,430,518,809,876,997,1191,1252,1470,1749,1939,2288,2289,2371,2466,2737],"class_list":["post-1870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-top-news","tag-afren","tag-ceo","tag-coo","tag-ethiopia","tag-fca","tag-ghana","tag-ivory-coast","tag-kenya","tag-madagascar","tag-nigeria","tag-osman-shahenshah","tag-seychelles","tag-shahid-ullah","tag-south-africa","tag-tanzania","tag-willkie-farr-gallagher-uk-llp","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-logo.png?fit=330%2C221&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-ua","jetpack-related-posts":[{"id":1906,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-fires-ceo-coo-and-associate-directors-after-corruption-investigations-report\/","url_meta":{"origin":1870,"position":0},"title":"Afren fires CEO, COO and Associate Directors after corruption investigations report","author":"Samuel Kamau Mbote","date":"October 14, 2014","format":false,"excerpt":"Afren plc has announced that Willkie Farr & Gallagher (UK) LLP has completed its independent review into the receipt of unauthorised payments by members of management and senior employees. In connection with the conclusion of this review, the Company has decided to terminate the employment and directorships of Osman Shahenshah\u2026","rel":"","context":"In "Oil Politics"","block_context":{"text":"Oil Politics","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/oil-politics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-logo.png?fit=330%2C221&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":1533,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-suspends-ceo-coo-over-corruption-allegations\/","url_meta":{"origin":1870,"position":1},"title":"Afren suspends CEO, COO over corruption allegations","author":"Samuel Kamau Mbote","date":"July 31, 2014","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] Afren plc has announced that its Board has temporarily suspended the CEO, Osman Shahenshah and the COO, Shahid Ullah over corruption allegations. Afren says that the two have been identified as having received unauthorized payments potentially for their own benefit. \u201cIn the course of an independent review on\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/07\/shahensha.jpg?fit=232%2C200&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2440,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-recovers-over-17-million-from-former-ceo-coo\/","url_meta":{"origin":1870,"position":2},"title":"Afren recovers over $17 million from former CEO, COO","author":"Samuel Kamau Mbote","date":"January 2, 2015","format":false,"excerpt":"Afren plc has announced that it has successfully secured, from its former CEO, Osman Shahenshah, and former COO, Shahid Ullah, a cash payment of US$17.1mn in relation to payments made to them that were not authorized by the Board, and as first announced by the Company on 31 July 2014.\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-logo.png?fit=330%2C221&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2784,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-names-alan-linn-new-ceo\/","url_meta":{"origin":1870,"position":3},"title":"Afren names Alan Linn as new CEO","author":"","date":"April 7, 2015","format":false,"excerpt":"Afren has confirmed that Alan Linn who is currently acting as a consultant to the Board of has been appointed as Afren\u2019s new CEO and a director of the Company. Linn takes the CEO position with effect from completion of the interim funding announced on 13 March and 1 April\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-logo.png?fit=330%2C221&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":3972,"url":"https:\/\/www.oilnewskenya.com\/index.php\/octant-energy-to-purchase-afren-assets-in-tanzania-and-kenya\/","url_meta":{"origin":1870,"position":4},"title":"Octant Energy To Purchase Afren Assets in Tanzania and Kenya","author":"","date":"November 2, 2015","format":false,"excerpt":"Canada-based oil and gas company Octant Energy Corp. has announced that it has entered into three agreements with subsidiary companies of cash strapped Afren PLC to acquire assets in the Republic of Kenya and the United Republic of Tanzania. Afren assets through its wholly owned subsidiary East Africa Exploration EAX\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"Afren Kenya","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2015\/11\/Afren-Kenya.png?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":2365,"url":"https:\/\/www.oilnewskenya.com\/index.php\/afren-reviews-its-capital-structure-to-solve-liquidity-and-funding-requirements\/","url_meta":{"origin":1870,"position":5},"title":"Afren reviews its capital structure to solve liquidity and funding requirements","author":"Samuel Kamau Mbote","date":"January 27, 2015","format":false,"excerpt":"[twitter-follow screen_name='oilnewskenya'] In light of the significant dislocation in the industry and related financing markets resulting from the rapid decline in oil prices Afren says its board has been reviewing the funding and liquidity requirements of the business and seeking to address how it manages the overall leverage position of\u2026","rel":"","context":"In "Top News"","block_context":{"text":"Top News","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/top-news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2014\/08\/afren-logo.png?fit=330%2C221&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1870","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=1870"}],"version-history":[{"count":2,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1870\/revisions"}],"predecessor-version":[{"id":7285,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/1870\/revisions\/7285"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=1870"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=1870"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=1870"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}