The Board of Seplat Energy announces that it terminated the
contract of appointment of Mr. Austin Avuru as a Non-Executive Director on 22nd
December 2021, due to breaches of the Company’s corporate governance policies
and his fiduciary duties.
In a statement sent to the AmehNews and endorsed by Dr. Chioma Nwachuku – Director, External Affairs and Sustainability/ Seplat Energy saying The Board has called for his resignation as a Director of Seplat Energy.
The statement further disclosed that In line with Seplat
Energy’s Memorandum and Articles of Association, Platform Petroleum Limited has
been asked to nominate a candidate for his replacement on the Board, and a
further announcement will be made in due course.
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