Thursday, October 9, 2025
23.5 C
Lagos

Seplat Takes Immediate Steps to Counter Interim Court Orders Against its Officers

 

Seplat Energy says it was already aware of moves to promote certain media publications to the effect that the Federal High Court, presided by Hon. Justice I. E. Ekwo, sitting in Abuja in suit number FHC/ABJ/CS/626/2023 – Juliet Gbaka & 2 others v. Seplat Energy Plc & 13 others has granted ex parte Interim Orders against Seplat Energy and some of its Officers.

In a statement on Thursday, Mrs. Chioma Afe of Seplat Communications & External Affairs, said “the Interim Orders, which are yet to be served on the Company or any of the affected Officers, primarily restrain the Board Chairman, the named Independent Non-Executive Directors, the Chief Operating Officer and the Company Secretary from operating or functioning as officers of Seplat Energy in any capacity, or otherwise conducting the affairs of the Company.

“The Company, as a law-abiding entity, has defended against the Interim Orders by immediately filing an

Appeal and a Motion for Stay of Execution of the Orders. Seplat Energy has been advised by its legal team that the Interim Orders, which are yet to be served on the Company or its officers, cannot be enforced until the Court of Appeal has heard and determined the Appeal and application for Stay of Execution.

“This petition is a third in the series of duplicative petitions filed by purported minority shareholders between March and April 2023, as part of orchestrated attempts to damage the Company in response to its unrelenting efforts to improve corporate governance by eliminating related party transactions and

implementing other corporate governance initiatives.”

The Company previously announced that:

  • The Federal High Court in Lagos, presided over by Hon. Justice Aneke, in Moses Igbrude & 4 ors V. Seplat Energy & 2 ors, has vacated the ex parte Interim Orders that required the Company’s CEO to step

aside.

 

* The Federal High Court in Abuja, presided over by Hon. Justice Ekwo, in Federal Republic of Nigeria V. Seplat Energy & 8 ors, formally dismissed the Immigration Charge against the Company and some of its

Officers, and fully discharged all named Officers. This discharge followed the Notice of Withdrawal/Discharge filed by the Director Legal of the Nigeria Immigration Service and

the company’s cooperation with the immigration authorities.

 

  • The Federal High Court in Abuja, presided over by Hon. Justice Ekwo, in Boniface Okezie & 4 ors. V. Seplat Energy & 9 ors, refused to grant to the Petitioners’ request to grant ex parte Interim Orders

restraining the Company from holding its AGM.

Seplat Energy remains relentless in its commitment to governance and operational excellence.

It is interesting to note that Hon. Justice I. E. Ekwo has presided over three out of the four cases involving Seplat and some minority shareholders.

 

 

spot_img
spot_img
spot_img

Hot this week

Fidelity Bank Commences Disbursement of FGN MSME Intervention Funds

Tier One Lender, Fidelity Bank Plc, has commenced the...

Fidelity Bank Honours Afreximbank President, Benedict Oramah, in Lagos

L -R: Minister of Industry, Trade and Investment, Dr....

Union Bank Champions Employee Wellness with Stay Recharged Health Walk

Union Bank of Nigeria held its first-ever Stay Recharged...

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

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

Stanbic IBTC Holdings Reports Remarkable Financial Growth for H1 2025    

Overview of Financial Performance  As of June 30, 2025, Stanbic...

Topics

Olusegun Agbaje: Celebrating ‘African Banker of the Year 2012’

Mr. Olusegun Agbaje, Group Managing Director/CEO of Guaranty Trust...

Sovereign Trust Insurance: 25 Years of Commitment to Professional Underwriting

Sovereign Trust Insurance Plc no doubt has become a...

GTCO Deploys SQUAD to Reshape Nigeria’s Digital Payment Space  

  Fragmentation in the Nigerian payment space has served...

NNPC Chief Emphasises Role of Gas in Driving Economic Growth, Industrial Development

  Representative of the GCEO, NNPC Limited and Head of...

Africa Oil Week 2018 Partners SuperReturn Africa

Africa Oil Week (AOW) has announced their partnership with...

Tinubu Commends NNPCL over the Re-opening of Warri Refinery

President Bola Tinubu has expressed his profound joy at...

Emirates SkyCargo Bolsters Connectivity between Europe, Global Network

Emirates SkyCargo, the cargo arm of the world’s largest...

Leadway Assurance: ‘Cyber Risks Protection Crucial for Businesses, Individuals’

Mr. Tunde Hassan-Odukale Managing Director/CEO Leadway Assurance Company Limited Leadway Assurance Company...
spot_img

Related Articles

Popular Categories

spot_imgspot_img