Savannah Energy Denies Chad Accusations: The Truth Behind the Cameroonian Figures Involved

Savannah Energy Denies Chad Accusations: The Truth Behind the Cameroonian Figures Involved

1. Yacine Wafy, Africa Vice-President of Savannah Energy, reacts to accusations from Chad

In an interview granted on April 26 to the daily Le Jour, the Africa vice-president of Savannah Energy, Yacine Wafy, reacts to the multiple controversies aroused a few days after the agreement to sell 10% of the shares that the company holds in Cameroon. Oil Transportation Co (Cotco) to the National Hydrocarbons Company (SNH).

2. No Cameroonian authority is a shareholder of Savannah Energy

He notably returned to the press release from N'Djamena which accused “many Cameroonian and African personalities” of being linked to Savannah Energy: “No Cameroonian authority, directly or indirectly, is a shareholder of Savannah. I invite you to consult our records,” he denied.

3. No contact between Savannah Energy and Frank Emmanuel Biya

While the local press had identified Franck Emmanuel Biya, son of President Paul Biya, as the one who, behind the scenes, pleads on behalf of Savannah Energy, Yacine Wafy was clear: "Savannah Energy, its leaders, its employees and its counsel never had any contact with Mr. Franck Biya regarding our transaction with SNH. Never. This Cameroonian personality was never involved in our interactions with the Chadian and Cameroonian authorities”.

4. Two official delegations from Cameroon in N'Djamena

On the other hand, the Africa vice-president of Savannah Energy recognizes that "two official delegations from the Republic of Cameroon" went to N'Djamena in the context of this affair. These include the late Ahmadou Ali, former Deputy Prime Minister, and Paul Elung Che, Minister, Deputy Secretary General of the Presidency of the Republic.

5. Negotiations between the Cameroon and Chad did not succeed

The two personalities had respectively gone to Chad to negotiate with the authorities so that they agree to cede to Cameroon part of the assets then in the hands of ExxonMobil and Petronas. Requests which did not find a favorable echo with the Chadian authorities.

In conclusion, despite the accusations brought against Savannah Energy and certain Cameroonian personalities, Yacine Wafy has clearly denied any involvement of the latter in the business of the company. Negotiations between Cameroon and Chad concerning the sale of shares in Cotco have not been successful, but the future of this affair remains to be monitored.
"No Cameroonian leader holds any shares in Savannah," said the Africa vice-president of Savannah Energy in response to Chad's accusations. Yacine Wafy admits that two official Cameroonian delegations went to N'Djamena regarding this case.

In an April 26 interview with the newspaper Le Jour, Yacine Wafy, Africa vice-president of Savannah Energy, responds to the controversies surrounding the sale of 10% of the company's shares in the Cameroon Oil Transportation Co (Cotco) to the Société National Hydrocarbons (SNH).

He notably reacted to N'Djamena's accusation that “several Cameroonian and African personalities” are linked to Savannah Energy: “No Cameroonian leader, directly or indirectly, holds shares in Savannah. I invite you to consult our records,” he said.

While local media had identified Franck Emmanuel Biya, son of President Paul Biya, as being linked to Savannah Energy, Yacine Wafy was categorical: "Savannah Energy, its managers, its employees and its advisers have never had contact with Mr. Franck Biya regarding our transaction with SNH. Never. This Cameroonian personality was never involved in our exchanges with the Chadian and Cameroonian authorities. »

However, the Africa vice-president of Savannah Energy admits that "two official delegations from Cameroon" went to N'Djamena in connection with this affair, notably the late Ahmadou Ali, former deputy prime minister, and Paul Elung Che, minister and Deputy Secretary General of the Presidency of the Republic. These two personalities tried to negotiate with the Chadian authorities the sale of part of the assets then held by ExxonMobil and Petronas, without success.