Trying To Tie My Chevron Acquisition To My Father’s Debt Is Dangerous – Paddy Adenuga hits back at Quartz Africa

The Son of Nigerian businessman Mike Adenuga, Paddy, who some weeks ago shared the story of how he single-handedly attempted to buy over Chevron Netherlands has slammed African Business Journal, Quartz Africa for attempting to relate his feat to his father’s debt.

The billionaire businessman’s son took to his social media page in reaction to the article published by the magazine to state that he is open to criticism but not falsehood.

The article published by the business magazine had held that; “The best thing about Paddy Adenuga’s story is that he did not win the bid.

“Indeed, Adenuga senior was revealed to be a debtor to AMCON, among others, by a newspaper a couple of years ago.

“The last time AMCON published a list of its top 100 debtors, the top three were all oil and gas companies with close to $1 billion outstanding among them.

“All of them taken out in the heady days of $100 oil and aggressive assumptions about how much money it was possible to make.”

In reaction, Paddy Adenuga, on his Twitter page wrote: “The @qzafrica article’s attempt to tie my chevron NL acquisition with AMCON is dangerous, ill-informed, and a case of poor journalism. i’d never use Nigeria’s tax payer money for a private European deal – NEVER! i’m open to criticism – i am just not open to lies and falsehoods.”