Sunday, October 19, 2025
29.8 C
Lagos

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

Business

Troyka Holdings Chair, Biodun Shobanjo, Inducted into Loeries Hall of Fame

Nigeria’s foremost advertising leader and Chairman of Troyka Holdings,...

Zenith Bank, NEM, Seplat, AIICO, Dangote Cement, First HoldCo Recognised as Nigeria’s High-Performing Companies

L-R:    Michael Ani, Manager, Investor Relations, Dangote Cement; Oluseyi...

Finance Min, Wale Edun, to Keynote FiBOP Annual Confab Oct 18

The Honourable Minister of Finance and Coordinating Minister of...

Niteon Unveils First African Manufacturers Bank to Unlock $200bn Digital Export Market

Niteon, one of Nigeria's largest digital export marketplaces, has...

FG Boosts MSME Financing with NCGC Initiative

In a bid to boost economic growth and development,...

ICT

Konga Partners Verve to Delight Customers with Free Shopping Vouchers

  Konga, Nigeria’s leading composite e-commerce platform has partnered with...

NCC Spotlights Renewable Energy on World Consumer Rights Day

  The Nigerian Communications Commission (NCC) has concluded arrangements to...

Governors, NCC Set for Broadband Awareness Forum Oct 20

All Nigeria State Governors are set to discuss how...

VerveLife 5.0 Gears Up for Nairobi, Lagos Events

Following a successful series of Verve Life 5.0 satellite...

Telecom Infrastructure Critical to Successful 2023 Elections – Danbatta

The Executive Vice Chairman of the Nigerian Communications Commission,...

Capital Market

SEC DG: Commission Considering Gradual Implementation of ISSB Standards

The Director General of the Securities and Exchange Commission...

ISSB-Aligned Disclosures Will Lower Capital Costs, Attract Global Investors — SEC

The Securities and Exchange Commission (SEC) has unveiled plans...

SEC DG to Cadets:  Invest Early, Long Term to Create Wealth

Graduating Cadets of the Nigerian Defence Academy (NDA) have...

SEC DG: Accountability, Transparency will Boost Investor Confidence in Capital Market

The Director General of the Securities and Exchange Commission...

SEC DG: Digital Assets Represent $10tn Opportunity by 2030

The Director General of the Securities and Exchange Commission...

Insurance

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Leadway Assurance: Insurance Company of the Year at 2025 BAFI Awards

L-R: Managing Director, Leadway Assurance, Gboyega Lesi; Publisher, BuisnessDay...

Heirs Insurance Group Announces Inaugural Travel Festival: A Call for Inclusive Travel Ecosystem for Africans

Heirs Insurance Group (HIG), Nigeria’s fastest-growing insurance group, has...

Sovereign Trust Insurance Celebrates 2025 Customer Service Week

Sovereign Trust Insurance Plc has been actively involved in...

Leadway: 55 Years of Innovation, Expanding Financial Access, Inclusion Across West Africa

Leadway, one of Nigeria’s foremost non-banking financial services and...

ALLEGATIONS AGAINST SEPLAT, ROGER BROWN (CEO): BETWEEN FACTS AND FICTION

 

Empower Nigeria, a Non-Governmental Organisation (NGO) dedicated to the protection and enhancement of civil liberties deems it fit and proper to wade into allegations against Roger Brown, the Chief Executive Officer of Seplat bordering on claims of forced resignations and sacking of Nigerian staff based on discriminatory policies, alleged enforcement of manipulative ranking scheme in the company, allegation of different retirement age for Nigerians and expatriates and other sundry claims.

Pursuant to our core mandate and in the public interest, we launched an investigation with the determination to get to the bottom of the issues thrown by these allegations and in the process, unveil the truth.

The averments that we make below is therefore a product of our thorough investigation.

  1. The claim of forced resignations and sacking of Nigerian staff based on discriminatory policies. As against this claim, there was no mass sack or forced retirements of Nigerian at Seplat with Roger Brown as the Chief Executive Officer (CEO). The true state of affairs is that between 2020 and 2022, eight Nigerian staff of the company voluntarily resigned or opted to take early retirement in the exercise of their rights as spelt out and protected by the law. Their decision was conveyed to the management of the company in writing via official channels. Seplat paid the affected staff generous end of service benefits and thereafter made appropriate notifications to NUPRC in accordance with Notification schedule as per their exit.
  2. Allegation of enforcement of manipulative ranking scheme. We found out that this allegation is not supported by facts but is a product of a hunting expedition. Arising from the observations and input made by the staff on the need to review the former 5-point ranking system which the staff considered to limit opportunities especially around the 75% cut off mark required for promotion, management reviewed and replaced it with a 3-point ranking scheme.
  3. The aim of the 3-point scheme (Outstanding Strong and Average) is to ensure that staff rewards are tied to results which are transparent and verifiable. More importantly, it laid to rest staff complaints about the 5-point system which they believe limited opportunities for promotion.

The claim that the Average rating applied only to Nigerian staff is untrue as out of the 5% of staff (24 persons) ranked Average, the number included an expatriate. This is without prejudice to the fact that expatriates constitute a small part of the entire workforce of over 500 workers in the company.

  1. The claim that Seplat operates different retirement age for Nigerian and expatriate staff. Again, this allegation is false and a disingenuous ploy to sow seeds of discord among the staff of the company. The retirement policy of the company is not discriminatory but is based on the laws of Nigeria stipulating that all employees working in Nigeria both local and expatriate retire at 60 years. This has been the practice in Seplat since it commenced operations.
  2. Given the delicate nature of these claims and its implications for industrial harmony, it is our considered position that news organisations who publicise these allegations should carry out thorough investigation to ascertain the veracity of the claims in matter. This is in the interest of equity, fairness and justice.
  3. The non-compliance with this basic tenet before exposing Seplat to media trial while it achieves the aim of the sponsors of this orchestrated smear campaign does grave injustice to the noble profession of journalism.
  4. Seplat has been an exemplary player within the country’s oil sector. The current attempt to impugn it hard earned reputation is indeed regrettable.

Signed

Yemi Aderemi

For Empower Nigeria

Hot this week

13-year-old Rhema-Love Abraham Emerges Winner of 2025 Heirs Insurance Essay Championship

L:R- Funmi Olotu, National Coordinator, National Social Safety-Nets Coordinating...

Stanbic IBTC Bank, LOXEA BYD forge alliance for Electric Vehicle Financing

In a strategic move to advance Nigeria’s shift toward...

CBN, Bank of Angola Sign MoU on Technical Co-operation at IMF/World Bank Meeting

In an effort to enhance bilateral cooperation and technical...

NBS: Nigeria’s Inflation Falls to 18.02% in September, Lowest Level in Three Years

Nigeria’s headline inflation rate fell for the sixth consecutive...

NUPEMCO Marks 2025 CSW with Nationwide Pension Awareness Activities, Huawei-Supported National Essay competition

The Nigerian University Pension Management Company (NUPEMCO) celebrated the...

Topics

‘Tokyo 2020 Olympic Games to Go On Despite Coronavirus’

Yesterday, the International Olympic Committee (IOC) met with all...

NCC to Partner ATCON on National Digital Infrastructure Development

KEYNOTE ADDRESS BY DR. AMINU MAIDA, EXECUTIVE VICE-CHAIRMAN OF...

‘OPEC Still Has Important Role in Global Oil Market’

  By Sebastian Wagner Scan Western news about OPEC from the...

NCC, SEC, NASENI CEOs to Discuss Business, Economic Recovery at WES 2024

All is set for the annual WorldStage Economic Summit in Lagos...

S&P: ‘Nigeria Faces Difficult Economic Conditions in 2O16’

…rated Weakness in 3 Key Indices Standard & Poors says...

Mutual Specialists CEO, Adetola Adegbayi, Identifies Requirements for Attaining Good Retirement

How to attain good retirement amid prevailing economic headwinds,...

First Bank Issues Profit Warning as Impairments Stunt Earnings

First Bank has issued profit warning on its financials...

Old Mutual Urges Nigerians to Mitigate Risks via Insurance

The Management of Old Mutual General Insurance Company, a...
Exit mobile version