RNS Number : 1311M
Seplat Energy PLC
19 May 2022
Seplat Energy Plc ("Seplat Energy" or "the Company")
Appointment of Basil Omiyi, CON, as Independent Non-Executive
and Dr Charles Okeahalam as Senior Independent Non-Executive
Lagos and London, 19 May 2022: Seplat Energy PLC, a leading
Nigerian energy company dual listed on both the Nigerian and the
London Stock Exchanges, is pleased to announce that Mr. Basil
Omiyi, CON, has been appointed as the Company's new Independent
Non-Executive Chairman, effective immediately. His appointment
follows a thorough assessment of internal and external candidates
and was approved after a unanimous vote by all Directors of Seplat
Energy, in compliance with the Companies and Allied Matters Act in
In addition, Dr. Charles Okeahalam succeeds Mr. Omiyi as the
Senior Independent Non- Executive Director.
Mr. Omiyi has been a member of Seplat Energy's Board of
Directors since March 2013 and as Senior Independent Non-Executive
Director from 1 February 2021. During this period, he sat on the
Company's Remuneration, Nominations & Governance, Energy
Transition, and Risk Management & HSSE committees.
His experience in the energy industry is extensive, with more
than 40 years at Royal Dutch Shell, during which time he held
senior roles in Nigeria and Europe, including becoming Managing
Director of Shell Petroleum Development Company of Nigeria in 2004
and in addition, Country Chairman of Shell Companies, Nigeria,
until his retirement in 2009.
Mr. Omiyi has held several leadership positions in the Nigerian
oil and gas industry, including: Chairman, Upstream Industry Group
(Oil Producers Trade Section, Lagos Chambers of Commerce &
Industry) from 2007-2010; Chairman of the Energy Sector of NEPAD
Business Group, Nigeria, and Board Member NEPAD Business Group,
Nigeria from 2005-2010; Chairman, of the Oil & Gas Commission
of the Nigerian Economic Summit Group from 2005-2010; and Board
Member, Nigerian Extractive Industry Transparency Initiative
(NEITI) 2007-2010. Mr. Omiyi is also the Independent Non-Executive
Chairman of Stanbic IBTC Holdings, a subsidiary of Standard Bank
Group, a post he has held since 2015.
In 2011, he was awarded the national honour of Commander of the
Order of the Niger for pioneering leadership in Nigeria's oil and
Dr. Charles Okeahalam joined the Board in March 2013 as an
Independent Non-Executive Director, and is Chairman of Seplat
Energy's Finance Committee, and a member of the Energy Transition,
Remuneration, and Nominations & Governance committees.
Dr. Okeahalam has extensive corporate finance and capital
markets expertise and in particular, detailed knowledge of African
financial markets, economies and the investment industry. He was a
co-founder of AGH Capital Group, a private equity and diversified
investment holding company based in Johannesburg, with assets in
several African countries. Prior to co-founding AGH Capital Group
in 2002, he was a Professor of Financial Economics and Banking at
the University of the Witwatersrand in Johannesburg.
His other roles have included advising a number of African
central banks and government ministries, the World Bank and the
United Nations. He has held several board positions and is a former
non-executive chairman of Heritage Bank Limited, Nigeria. Since
March 2016 he has served as the non-executive chairman of the
Nigeria Mortgage Refinance Company.
Roger Brown, Chief Executive Officer of Seplat Energy, said
"As the founders of Seplat Energy Dr. ABC Orjiako and Mr. Austin
Avuru step off the board and the Company moves into the next
chapter of its development, Seplat has once again demonstrated its
commitment to strong corporate governance in delivering on its
promise of appointing an Independent Non-Executive Chairman.
Mr. Basil Omiyi has been a leading figure in the Nigerian oil
and gas sector and also with Seplat Energy, having joined its Board
in 2013 and helped it to achieve a dual listing in April 2014. The
vast depth of experience and his detailed knowledge of Seplat
Energy will be invaluable as we continue to evolve and mature the
company. He has provided invaluable guidance as an Independent
Director and I look forward to his continued leadership as our new
Independent Non-Executive Chairman.
We will also benefit from the considerable expertise of Dr.
Charles Okeahalam as Senior Independent Non-Executive Director,
especially his experience and knowledge of Africa's economies and
its financial markets.
Under their guidance we will continue to expand and consolidate
our position as Nigeria's leading energy company and the partner of
choice to deliver energy transition for Africa's largest economy
and its rapidly growing population."
+234 (0) 1 2 770
Emeka Onwuka, CFO 400
Carl Franklin, Head of Investor Relations
Chioma Nwachuku, Director, External Affairs
Ben Brewerton / Chris Laing +44 (0) 203 727
Notes to editors
Seplat Energy Plc is Nigeria's leading indigenous energy
company. It is listed on the Premium Board of the Nigerian Exchange
(NGX: SEPLAT) and the Main Market of the London Stock Exchange
Seplat Energy is pursuing a Nigeria-focused growth strategy and
is well positioned to participate in future asset divestments by
international oil companies, farm-in opportunities, and future
licensing rounds. The Company is a leading supplier of gas to the
domestic power generation market. For further information please
refer to the Company website, http://seplatenergy.com/
Chief Financial Officer
Seplat Energy PLC.
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(END) Dow Jones Newswires
May 19, 2022 06:45 ET (10:45 GMT)
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