The court order followed a suit by aggrieved stakeholders of the company over allegations of “racism, favouring of expatriate workers, discrimination against Nigerians, and breach of good governance”.Reacting to the matter, MADI said the crises rocking Seplat were due to the alleged refusal of Omiyi to honour the provisions of the Nigerian Code of Corporate Governance 2018 on the tenure of directors.
MADI also raised concerns about alleged efforts by Seplat leadership to coerce its Nigerian employees into passing a vote of confidence in Brown and Omiyi.“Omiyi and another board member, Charles Okeahalam, have refused to resign despite overstaying their maximum of nine years allowed by the said code,” the group said.
“We also have it on good authority that while some major stakeholders kicked against Mr Omiyi’s choice as the company’s secretary, having done his maximum of nine years, it was later agreed that he serves for one year to enable the company to conclude the search for the replacement of Dr ABC Orjiako, who stepped down.
“We call on the Nigerian government to revisit the allegation by Nigerian workers that Mr Brown and Omiyi are bent on acquiring the Nigerian company through the capital market using some South African fronts. And that is what all this sit-tight syndrome and condonement of the CEO’s excesses is all about.”
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