Nigerian businessman Adebisi Adebutu takes 86% of Chappal after $100 million rescue

Billionaires Africa | 24.09.2026 22:28
Adebisi Adebutu, the Nigerian businessman who heads investment group R28 Holdings, has taken 86 per cent ownership of Chappal Energies, the Mauritius-registered oil company that bought Equinor out of Nigeria, following a $100 million refinancing and months of boardroom conflict.