A civil society organisation, the Niger Delta Transparency Forum, has called for clarification regarding a reported 5 per cent divestment in Nigeria involving Italy’s national development bank, Cassa Depositi e Prestiti.
In a statement issued on Tuesday, the Secretary-General of the group, Ebikade Moses, urged the management of CDP to provide details on the transaction, particularly in relation to disclosure and due diligence processes.
The group asked whether shareholders have been informed about the reported divestment and whether the necessary steps were taken to ensure proper disclosure.
“Are the shareholders aware of the 5 per cent divestment in Nigeria? Has the management carried out due process and provided full disclosure to shareholders? Is the Board addressing all governance considerations?” the statement said.
The Forum also sought clarification on whether CDP has any direct shareholder relationship with Eni, calling for more transparency regarding any possible connection relevant to the reported transaction.
It noted that there is growing public interest in the matter, especially in relation to corporate governance and accountability standards in international financial operations.
The group also referenced an upcoming meeting of major CDP shareholders scheduled for Wednesday, encouraging that the issue be considered for discussion.
Efforts to obtain official comments from CDP had not yielded a response at the time of filing this report.
