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× Search * Advertise with us * Wednesday, April 26, 2023 * * * * * Most Widely Read Newspaper Videos * Home * News * Metro Plus * Investigations * Videos * Sports * Politics * Business * HealthWise * Editorial * Columns * Podcast * PUNCHNG MENU: * Video * Spice * Special Features * Education * Sex & Relationship * Interview * Columns * Opinion Breaking News Ogun workers suspend strike after four days Read More SEPLAT SEEKS NEW CHAIRMAN AS OMIYI QUITS 26th April 2023 By Henry Falaiye Kindly share this story: * * * * * * Seplat Energy Plc has revealed its plans to initiate a recruitment process for a new board chairman, following the retirement of Mr Basil Omiyi. In a statement, Omiyi announced his retirement as the chairman of Seplat Energy board on Tuesday. He also disclosed the resignation the Independent Non-Executive Director of the firm, Dr Charles Okeahalam from the board. According to him, both retirements will take effect before Seplat Energy’s May 2024 Annual General Meeting. Powered By 00:00/07:30 10 Ogun Community Where Flood Sweeps Away Students Annually| Punch Share Next Stay Omiyi revealed that the company had developed a Board of Directors Succession Forward Plan to underpin the transition and business transformation envisaged over the next 12 months. He also said the company will embark on a recruitment process to run a search for the next Seplat Energy chairman. Related News * Seplat's director, Fabian Ajogwu, resigns, cites 'external interferences' * Seplat’s notice of withdrawal on criminal charges fraudulent — CSO * Seplat crisis not related to its economic activities - SEC DG He asserted, “As part of that process, the independent non-executive directors of the board who qualify to be chairman of the company will also be evaluated. “This is in line with the Companies and Allied Matters Act, whereby, the successor chairman must already be a director of the company and will be voted in by the other directors by a simple majority. We expect the recruitment process to be completed before the end of 2023, with the chairman’s election to follow thereafter.” The company also announced that an Independent Non-executive Director, Professor Fabian Ajogwu, will step down from the board on October 21, 2023. Prof. Ajogwu resigned from the board citing recent events. The firm said he claimed he decided to step down from the board due to the recent deliberate external interferences, which had prevented him from effectively discharging his fiduciary and statutory duties as an independent non-executive director to the highest standards of corporate governance he had written and subscribed to. Kindly share this story: * * * * * * All rights reserved. This material, and other digital content on this website, may not be reproduced, published, broadcast, rewritten or redistributed in whole or in part without prior express written permission from PUNCH. 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CLICK HERE NOW!!! -------------------------------------------------------------------------------- Editor’s Note In our post on February 19, 2023, in a story ‘Woman burns self to death over failure to offset N70,000 loan’, we reported that a middle-aged woman, simply known as Mama Dada, set herself ablaze over her inability to pay back a loan of N70,000 she reportedly took from a microfinance bank, LAPO. We have since discovered that the microfinance bank referred to in the story was not LAPO Microfinance Bank Limited. We apologise to the LAPO Group for the error in the identification of the name of the said microfinance bank where the deceased took the loan. The mix-up in the name of the MFB is not deliberate. 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