No Plans to Divest Interest in ERHC - Sir Emeka Offor

    ABUJA, Nigeria, Aug. 29 /CNW/ - Sir Emeka Offor, the former Nigerian
chairman of Houston-based ERHC Energy has said that he has no plans to divest
his interest in ERHC. Indeed, he is currently consulting on enhancement of
that holding. In a statement released to the press in Abuja, Nigeria, by the
Group Chief Communications Officer, Mr. Val Oji confirmed that the holding of
the billionaire businessman who voluntarily resigned as chairman and director
of ERHC recently to concentrate on growth plans for Chrome Group, remains
intact. "ERHC remains a healthy and viable business; our commitment to the
company is total; therefore the issue of divesting does not in any way arise",
the statement concluded.
    In another development, the group informed journalists that it has
repositioned its operations to meet the ever-changing challenges of doing
business in a developing economy. Under the new arrangement, the oil and gas
giant has rolled out a robust Corporate Social Responsibility (CSR) programme
aimed at affecting the lives of Nigerians positively, and other host
communities where it operates. To be fully integrated into its corporate
strategy in line with emerging best-in-class global practices, the main thrust
of the CSR programme is uplifting the wellbeing and living standards of the
host communities where it operates and Nigerians in general.
    Chrome Group will in the immediate future give more back to society. The
CSR-centric strategy as envisaged will in the next two years focus on two key
areas of intervention namely: youth empowerment and promotion of a renewable,
sustainable and more conducive environment.
    Explaining the reason behind the new strategy, Mr. Oji said, "Chrome
Group in line with the philosophy of its founding fathers has made
considerable inroads in Nigeria and countries outside Nigeria and, in most of
these places has left a positive mark on the business landscape and continues
to do so till date. The time has come to re-strategize and reposition with a
view to remembering all those that are contributing to the success story that
the group has become today. Today is the beginning of a whole new chapter in
the life of the group - an era of total alignment of the group's Corporate
Social Responsibility (CSR) programmes with its corporate strategy."

    About Chrome Group

    Chrome Group is a leading multibillion dollar regional conglomerate based
in Abuja, Nigeria with vast interests in oil and gas, insurance, destination
inspection services, bio-fuels energy production, petroleum products trading,
the power sector, real estate, logistics and dredging services. Chrome Oil
Services Limited, the pioneer company in the group has been doing business
since the early 1990s and has handled key projects (as part of a consortium)
like the turnaround maintenance (TAM) for the Port Harcourt refinery -
Nigeria's largest refinery. In addition to its commercial business activities,
the group is committed to its Corporate Social Responsibility (CSR) programmes
through which it intervenes strategically in key areas of youth empowerment
and promoting and sustaining a renewable and greener environment. The group
employs over 800 staff worldwide. Chrome Group is also a non-racial and equal
opportunity employer.

For further information:

For further information: Val Oji, Group Chief Communications Officer,
+234-803-719-0145, +234-802-506-5686

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