Fabian Ajogwu, a senior lawyer, handed in his resignation “following recent events and deliberate external interferences which have prevented him from effectively discharging his fiduciary and statutory duties as an Independent Non-Executive Director,” Seplat Energy said in a note to the Nigerian Exchange.
The development is the latest twist in the legal warfare, including a prejudice case by a group of stakeholders against the directors and CEO Roger Brown and another lawsuit that challenged Mr Brown’s immigration status While the conflict between the government and Nigeria’s biggest energy company by market value is being settled out of court, the other involving its stakeholders has not been decided.
Seplat Energy announced earlier this month that Mr Brown had been reinstated after the suspension lapsed. Hearing on the suit is to continue on 16 May.
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