Seplat appoints Udo Udoma Chairman

The Board of Seplat Energy Plc, a Nigerian energy company dual listed on both the Nigerian Exchange Limited and the London Stock Exchange has announced the appointment of Mr. Udoma Udo Udoma as the Company’s new Independent Non-Executive Chairman.

According to the company’s notice to the Nigerian Exchange Limited and the investing public, Udo Udoma is to succeed Mr. Basil Omiyi who will retire on March 31, 2024.

Udoma’s appointment was approved after a unanimous vote by the Directors of Seplat Energy, in compliance with the Nigerian Companies and Allied Matters Act (“CAMA”) 2020 and is effective April 1, 2024.

Seplat Energy has also announced the appointment of Mr. Bello Rabiu as the new Senior Independent Non-Executive Director with effect from April 1, 2024, to succeed Dr. Charles Okeahalam who will be retiring on March 31, 2024.

The statement signed by Mrs. Edith Onwucheka, Company Secretary / Director Legal, said the appointments are in line with the Board Succession Forward Plan announced via Corporate Announcement on April 25, 2023 (RNS: 3575X) and via a subsequent Corporate Announcement on November 1, 2023 (RNS: 0096S) wherein it was announced that Mr. Basil Omiyi and Dr. Charles Okeahalam will retire from the Board on March 31, 2024.

Udoma has held several private and public offices even as he has served and he is still serving on the boards of many large-sized companies.

He was the Special Adviser to the Minister of Petroleum and Natural Resources from September 1993 to March 1994 and served as Minister of Budget & National Planning from 2015 to 2019.

He was elected to the Nigerian Senate in 1999 and served for two terms from 1999 to 2007. Mr. Udoma is currently the Pro-Chancellor of Akwa Ibom State University, Ikot Akpaden, Akwa Ibom State, Nigeria.