The publication, originally released on August 9, 2022, had raised claims surrounding the high-profile transaction.
However, in a statement published on April 23, 2026, the outlet said subsequent editorial review and verification efforts showed that the allegations contained in the report could not be substantiated to the professional standard required for publication.
According to the statement, the decision to retract the story was taken in line with the organisation’s commitment to accuracy, fairness and responsible journalism.
The outlet stated that the publication was based on information available at the time, but further checks and internal review made it clear that the claims lacked sufficient evidential support.
“Accordingly, the story is hereby retracted in full,” the statement said.
Per Second News also expressed regret over any confusion or unintended consequences that may have arisen from the publication, reaffirming its dedication to maintaining high editorial standards in all its reports.
“We remain committed to upholding the highest editorial standards in all our reporting,” the statement added.
The clarification is seen as a significant development in relation to the Seplat-MPNU transaction, one of the most closely watched corporate deals in Nigeria’s oil and gas sector.
The retraction also helps to reinforce the importance of due diligence, fact-checking and responsible reporting, especially on matters involving major investments and corporate acquisitions.
Seplat Energy, a leading indigenous energy company listed on both the Nigerian Exchange and the London Stock Exchange, has remained a key player in Nigeria’s drive for increased local participation in the petroleum industry.
The proposed acquisition of MPNU’s shallow water assets had attracted widespread attention due to its strategic implications for the sector.
