Seplat's director, Fabian Ajogwu, resigns, cites 'external interferences'

Last Thursday, Seplat Energy announced the discontinuation of the immigration case against the company, some of its directors and officers, and focus on engagements with the Minister of Interior to bring closure to all outstanding issues.

The firm also revealed its Board of Directors’ Succession Forward Plan as the Chairman, Omiyi and the Senior Independent Non- Executive Director, Dr. Charles Okeahalam, will both retire from the Board before the May 2024 Annual General Meeting. The company said it would embark immediately on a recruitment process to run a search for the next Seplat Energy chairman.

“As part of that process, the Independent Non-Executive Directors of the Board who qualify to be Chairman of the Company will also be evaluated. This is in line with the Companies and Allied Matters Act whereby, the successor Chairman must already be a Director of the Company and will be voted in by the other directors by a simple majority. We expect the recruitment process to be completed before the end of 2023, with the Chairman’s election to follow thereafter,” the statement added.

Seplat has been in the news in recent weeks following accusations of racism levelled against its Chief Executive Officer, Roger Brown by some agrrieved stakeholders.All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH.

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