Boardroom crisis: Court suspends Seplat MD, other directors from office
The managing director of Seplat Energy Plc, its other directors, and the company secretary have been ordered by a Federal High Court in Abuja to cease performing their official duties until a lawsuit is resolved.
In a decision on an ex-patte motion filed by three unhappy Seplat shareholders, Juliet Ebere Nwadi Gbaka, Margaret Awobusuyi Funmilayo, and Clement Akaeme, Justice Inyang Ekwo issued the order on Thursday.
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Justice Ekwo directed the Security and Exchange Commission (SEC) to appoint qualified individuals to manage Seplat’s affairs while the motion on notice filed by the applicants is heard and decided.
Roger Thompson Brown, MD, Basil Omiyi, Chairman of the Board of Directors, Emma Fitzgerald, Dr. Charles Okeahialam, Prof. Fabian Ajogwu, Rabiu Bello, and Mrs. Basirat Odenewu are the individuals who are impacted by the orders.
Samuel Ezeugwuorie, the Chief Operating Officer, and Mrs. Edith Onwuchekwa, the Company Secretary, are also impacted.
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After hearing from the applicant’s attorney, Abiodun Layonu (SAN), who filed the ex-patte application, Justice Ekwo issued the order.
The judge stated the following in the enrolled order’s certified true copy (CTC) that was seen on Thursday:
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