Family Feud: Abiola's Children Fight Over Assets

Abiola Family Dispute Intensifies

“It has come to our attention that your company has entered into a partnership with Summit Oil, under the management of these two persons...”

Olalekan, Hafsat, Khalifa, and Abdul Mumuni Abiola accuse siblings of mismanaging MKO Abiola's estate.

The children of late Nigerian politician MKO Abiola have cautioned Halliburton Energy Services Nigeria against partnering with Summit Oil, a company founded by their father.

In 1990, MKO Abiola established Summit Oil as an independent indigenous upstream oil company. Now, four of his children have warned Halliburton against doing business with Summit Oil.

In a formal letter, the Abiola children expressed concerns about Halliburton's reported partnership with Summit Oil to revive and rework oil wells for production.

The signatories alleged that Summit Oil is embroiled in a legal dispute due to fraud and misappropriation claims involving two other Abiola family members: Kola Abiola, the late politician's first son, and Wuraola Abiola.

“We, the undersigned heirs and members of the family of the Late Chief M.K.O. Abiola, are writing to express our deep concern regarding your company's recent agreement with Summit Oil Company Ltd,” the letter reads.

“As you may be aware, Summit Oil Company, being a legacy company formed by our late father, is currently embroiled in a serious legal dispute involving allegations of fraud and misappropriation of funds by two members of the Abiola family.

“It has come to our attention that your company has entered into a partnership with Summit Oil, under the management of these two persons, to re-enter and work the Oil Well to bring it back to production.

“We believe that such decision of yours is fraught with significant risks and could have serious legal consequences for your company.

“By entering into that agreement, your company may be inadvertently aiding and abetting a fraudulent scheme.

“Furthermore, your company could also be subject to civil lawsuits, both in Nigeria and internationally, for engaging in business dealings with a company that is under investigation.

“Such lawsuits could result in significant financial damages and reputational harm to your company.”

MKO Abiola's children - Olalekan, Hafsat, Khalifa, and Abdul Mumuni - have filed a petition with Inspector General of Police Kayode Egbetokun, alleging diversion and misappropriation of their father's estate.

The siblings accused Kola Abiola and Wuraola Abiola of unlawfully appointing themselves Summit Oil directors without consent. They also claim the duo conducted unauthorized business deals using their father's company.

The petitioners urged the IGP to investigate these actions, citing serious breaches of trust and legal violations.