Thursday, December 4, 2025
26.7 C
Lagos

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

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

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

The insurance community in Nigeria is poised to upscale...

Business

P+ Measurement Services Sparks Global Dialogue on Outcome-Based Measurement at 2025 AMEC Measurement Month

P+ Measurement Services, Nigeria’s leading independent media intelligence and...

NIPR Institutes Annual PRICE Awards, Fixes 7th Dec for Ceremony

The Nigerian Institute of Public Relations (NIPR) has once...

LASAA Staff Faces Sanctions for Policy Breach after Viral Allegation, Cleared of Fraud

The Lagos State Signage and Advertisement Agency (LASAA) has...

Stanbic IBTC, Zenith, Axa Mansard, Leadway, MTN, GLO Lead Q3 2025 Brand Report

As Nigeria’s media environment continues to evolve, brand sentiment has emerged...

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

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

NGX T+2 Settlement Cycle ‘Goes Live’ Event

L – R: Chinwendu Ekeh, Head, Operations & IT,...

FG Reassures Investors, Pledges Balanced Capital Gains Tax Outcomes as NGX Lists MREIF

Nigerian Exchange (NGX) today hosted the Minister of Finance...

Nigerian Stocks Present Buying Opportunities as Market Sheds N2.8trn

Nigeria's equities market closed last week ending November 7...

NGX Reaffirms Leadership in Advancing Africa’s Islamic Finance Ecosystem

Nigerian Exchange Limited (NGX) has reaffirmed its leadership in...

Insurance

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

AIICO Launches All-in-One Financial Protection for Nigeria’s Underserved Population

L-R: Mr. Mike Eko – (Novus Agro Limited) Mr. Oluwatosin...

Sovereign Trust Insurance Secures Board’s Approval to Raise N5bn Capital

Sovereign Trust Insurance Plc notifies its shareholders and the...

Insurers Support Partnership with State Govts to Drive Insurance Penetration in Nigeria

The insurance community in Nigeria is poised to upscale...

Seplat Seeks Disciplinary Action Against Justice Ekwo, Cites Gross Abuse of Judicial Power

Seplat Energy Plc has petitioned the National Judicial Council (NJC) to sanction Hon. Justice I.E Ekwo of the Federal High Court, Abuja for ‘unethical, gross misconduct and abuse of judicial power” in granting ex-parte orders in several cases involving Seplat and some of its shareholders.

In a 6-page petition dated 15th May, 2023 and signed by Seplat’s Acting CEO/Chief Operating Officer, Samson Ezugworie, and addressed to the Chief Justice of the Federation and Chairman, National Judicial Council, Abuja, the oil firm asked the NJC to dispassionately investigate its complaint and ensure appropriate disciplinary action against the Hon Justice Ekwo.

The petitioner stated that the orders granted in SUIT NO: FHC/ABJ/CS/626/2023 between Juliet Ebere Nwadi Gbaka & 2 Ors.V Seplat Energy Plc & 13 Ors are designed to cripple Seplat operations.

It explained further that the orders granted by His Lordship in the above suit on 11th May 2023 in ‘very questionable circumstances are designed to hinder the affected Directors and Secretary of Seplat in the performance of their contractual and statutory duties to Seplat”.

Seplat stated that the SUIT NO: FHCIABJ/PET/8/2023 BETWEEN BONIFACE OKIEZIE & 3 ORS V. SEPLAT ENERGY PLC & 9 ORS filed on 13th April 2023 by some shareholders of Seplat whose shareholding is less than 0.0005% of Seplat’s entire share capital had cited alleged unfairly prejudicial conduct in the management of the affairs of Seplat.

Justice Ekwo was accused of making far-reaching orders and side-lined all these processes and ordered that directors of Seplat and its secretary should desist from further acting in their official capacities, and also ordered SEC to appoint some other persons to replace them on the 11th of May even though similar orders sought in the April petition have not been granted by His Lordship, and the various applications in SUIT NO: FHCIABJ/PET/8/2023 BETWEEN BONIFACE OKIEZIE & 3 ORS V. SEPLAT ENERGY PLC & 9 ORS, have been adjourned to 31st May 2023.

“It is evident that the approach of His Lordship will compromise the fair hearing of the applications in the April Petition. It is also amazing that the above Suit which was filed on the

8th of May 2023, and which was not listed on the cause list on the 9th and 11 of May 2023 respectively, was heard by His Lordship”, the petition added

“We believe that this can only be possible because of prior direct communication between His Lordship and Counsel to the Plaintiffs in the above Suit. This, we believe, is highly unethical’, it stated.

Seplat also believes that it is an act of gross misconduct on the part of His Lordship

to gloss over various applications filed by Seplat and some of its directors and

Secretary, on 10’h of May 2023, challenging the competence of the Suit and the

jurisdiction of the Court to entertain the Suit.

“As it were, the orders made by His Lordship on 11th May 2023 will compromise the fair hearing of these pending applications filed by Seplat and other Respondents.”

Seplat said it “has every reason to believe that all the steps taken by His Lordship in the

above Suits are designed to favour the Plaintiffs and disfavour Seplat, its directors

and secretary. Seplat, its directors and Secretary’s position is corroborated by

other cases and events.”

Seplat also disclosed that the Final Judgment in Suit No: FHCIABJ/PETI7/2023 BETWEEN AKINDURO ERIC AKINNIFESI & ANOR V SEPLAT ENERGY PLC was wrongly ignored by Hon Justice I.E. Ekwo

Some shareholders of Seplat were genuinely worried about the likely stalling of the Company’s 2023 AGM scheduled for 10t May 2023 and instituted the above suit, praying for mandatory orders for the meeting to be held.

They also sought an order that the directors and company secretary should not be removed from office or hindered in the performance of their duties by any person or authority. Final

judgment was delivered by Hon. Justice A. R. Mohammed of the same Abuja

Judicial Division of the Federal High Court.

 

The Petitioners succeeded in the Suit and the court ordered that Seplat’s AGM be held as scheduled and that the directors and company secretary should neither be removed from office nor hindered in the performance of their duties. A copy of the judgment is attached as

SEPLAT 11.

It is noteworthy that the above judgment was brought to the attention of His Lordship, Hon. Justice I. E. Ekwo by some of the Counsel representing the Respondents in Suit No: FHCIABJ/CS/626/2023 Between Juliet Ebere Nwadi Gbaka & 2 Ors. V Seplat Energy Plc & 13 Ors, via various processes filed by them on 10th May 2023. The exhibited judgment of Hon. Justice A. R. Mohammed alongside letters and processes notifying His Lordship of the subsisting judgment are attached as SEPLAT 12.

Notwithstanding his Lordship’s attention being directed to the subsisting judgment

of a more senior Judge (Hon. Justice A. R. Mohammed) of the same Federal High

Court, His Lordship made orders on 11th May 2023, which contradict and indeed

have the capacity of overruling the judgment of Hon. Justice A. R. Mohammed

Seplat believes that it is improper for His Lordship, whose attention had been drawn

to the existing final judgment of a Brother Judge, to sit as an appellate court over such

judgment through the rendition of an interlocutory ruling which conflicts with the

said final judgment.

On the strength of the above Seplat invites the NJC to dispassionately investigate his

complaint and ensure appropriate disciplinary action against the Hon Justice Ekwo.

Hot this week

Stanbic IBTC Capital Clinches 4 Top Honours at AIHN Investment Banking Awards 2025

Stanbic IBTC Capital, a subsidiary of Stanbic IBTC Holdings,...

Emirates Gets African Travel Gold Award as Nigeria Launches “Culture Meter Index”

Paulos Legesse, Emirates Nigeria Country Manager welcoming welcoming the...

Fidelity Bank Receives Customs Service Award for Pioneering Role in UCMS Implementation

L – R: Head, Central Collections Unit, Olaide Adeyemo;...

SanlamAllianz Nigeria Wins .NG Insurance Website of the Year 2025

SanlamAllianz Nigeria's website/portal, www.sanlamallianz.com.ng, has been adjudged winner of...

Leadway Assurance, AGRA, NADF, Verdure Climate Advance Agric Insurance Solutions

Leadway Assurance, one of Nigeria's leading insurance providers, has...

Topics

MTN Launches Mobile Money API Hackathon

In pursuit of its goal to contribute to bridging...

Linkage Assurance: N50.2bnTotal Assets, N16.3bn Gross Premium in 2023

Underwriting firm, Linkage Assurance Plc in the financial year...

PwC Survey: CEO Confidence Rises Despite New Risks, Uncertainty

Worldwide, CEOs’ confidence levels for their growth prospects and...

U.S. Commercial Insurance Prices Rose Almost 10% in Q2

Mr. O. S. Thomas Commissioner for Insurance National Insurance Commission (NAICOM) U.S....

Adeosun, Kari for NIA Chairman’s Investiture on Aug 16

The Nigerian Insurers Association [NIA] will hold an investiture luncheon in honour of its 22nd Chairman, Mr. Eddie Efekoha, on Tuesday, August 16, 2016 at the Grand Ball Room, Eko Hotel & Suites, Victoria Island, Lagos at 11.30 am prompt.

NAICOM: ‘How Insurance Will Protect, Ensure Growth of MSMEs’

WELCOME ADDRESS BY OLORUNDARE SUNDAY THOMAS, COMMISSIONER FOR INSURANCE/CEO,...

10 Ways to Finance Africa’s Energy Opportunity

Can we stave off catastrophic climate change while building the energy systems needed to power growth, create jobs and lift millions of people out of poverty? That’s a crucial question for Africa. No region has done less to contribute to the climate crisis, but no region will pay a higher price for failure to tackle it. Meanwhile, over half of Africa’s population lacks access to modern energy. Africa’s leaders have no choice but to bridge the energy gap, urgently. They do have a choice, though, about how to bridge the gap.

Bayo Adeyinka Secures Freedom for 8 Inmates, Donates Medical Supplies to Mark 50th Birthday

Fourth from left, Deputy Controller of Corrections (DCC) in...
Exit mobile version