Shareholders of Seplat Energy have officially ratified the appointment of Nigerian businessman Tony Elumelu as a non-executive director on the company’s board.
The confirmation took place during Seplat’s 13th Annual General Meeting held in Lagos, where investors voted overwhelmingly in favour of his appointment, with about 99.96% support.
Elumelu’s entry into the board follows the recent acquisition of a significant stake in Seplat by Heirs Holdings and Heirs Energies, which strengthened his involvement in the oil and gas firm. His appointment comes after the exit of a former board member linked to a French shareholder that previously held equity in the company.
Speaking at the meeting, the board chairman noted that Elumelu’s experience and investment in the company reflect confidence in Seplat’s growth and performance. He also highlighted that Seplat’s acquisition of ExxonMobil’s local assets has significantly boosted its production capacity, positioning it as a stronger player in the energy sector.
Management assured shareholders of continued efforts to deliver strong returns and sustain growth following the company’s recent expansion.
