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Tuesday, 25th April 2023

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Business News  


FG WITHDRAWS CASE AGAINST SEPLAT, BOARD

By Sulaimon Salau
23 April 2023   |   4:00 am
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The Nigeria Immigration Service (NIS) acting on behalf of the Federal Government
of Nigeria in curious twist on April 6, 2023, withdrew criminal charge filed
same day against Seplat Energy Plc and its Board at the Federal High Court,
Abuja.

Seplat

The Nigeria Immigration Service (NIS) acting on behalf of the Federal Government
of Nigeria in curious twist on April 6, 2023, withdrew criminal charge filed
same day against Seplat Energy Plc and its Board at the Federal High Court,
Abuja.





Ironically, in spite of the publicity given to the filing of the criminal
charges against the company and its Board, the withdrawal/discontinuation of the
charges remained unannounced. It is curious that only the news of the charges
was made known without a mention that it was withdrawn immediately.



Analysts have been left to wonder what the purpose of the filing and withdrawing
of the ill-conceived charge was. Were there motives behind it? Was it done to
intimidate the Board? It is not clear.



What is clear is a host of inconsistencies contained in the charge. On the one
hand, it was alleged that its Chief Executive Officer was employed without work
permit. On the other hand, it was alleged that the Board encouraged the Chief
Executive Officer to accept employment without work permit. Can the Nigeria
Immigration Service withdraw the work permit if it did not grant it?

Nigeria Immigration Service alleged that it withdrew the work permit on March 3,
2023, and that the Chief Executive Officer allegedly accepted employment without
work permit. When the entire industry knew that he was working with work permit
since 2013. Since the withdrawal of his work permit, he has been abroad in
compliance with the law and as a believer in the due process.

How then could he be said to be working in contravention with the law when he
has not been in Nigeria to undertake employment or duties as the Chief Executive
Officer? All of these are glaring contradictions by the Nigeria Immigration
Service on the unfounded allegations of some persons said to be unknown third
parties.

According to court sources, the defendants are yet to be served with the charge,
and interestingly, a Notice of Withdrawal or Discontinuance of the Charge was
filed the same day, April 6, 2023, the charge was filed in court.



It is not unlikely that the withdrawal of the charge was founded on what some
have termed the contradictions in the charge filed by a Federal Government
Agency, the Nigerian Immigration Service, given that the Chief Executive Officer
was appointed as Chief Executive since August 2020, and had served as the Chief
Financial Officer since July 2013.

The withdrawal of his immigration documents was in March 2023, over 30 months
after his appointment as Chief Executive and about nine years and nine months
after his appointment as CFO.

Some anonymous sources have also concluded that the criminal charge is another
typical example of unknown forces misleading an agency of the Federal Government
to frustrate lawful businesses, destroy shareholders’ investments and harass law
abiding citizens of the Federal Republic of Nigeria and intimidate Seplat and
its board for doing the right thing.

Since the news of the cancellation of the immigration documents of the Chief
Executive Officer of Seplat Energy Plc broke out, the company’s shares have
suffered a sharp decline, and all manners of suits aimed at scuttling the smooth
running of the business of the company have been filed in various courts both in
Lagos State and the Federal Capital Territory against the company and the Board.







IN THIS ARTICLE

 * Nigeria Immigration Service
 * Seplat Energy



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