A Federal High Court in Lagos Wednesday issued an interim order restricting the Chief Executive of Seplat Energy, Roger Brown, from everyday running and management of the company.
The court also restricted Mr Brown’s proxies, agents and privies from managing the company until a decision is reached on a motion by some stakeholders on notice for interlocutory injunction.
The petitioners involved are Moses Igbrude, Ajani Abidoye, Sarat Kudaisi, Robert Ibekwe and Kenneth Nnabike who prayed the court to grant an order restraining the chair of the directors’ board, Basil Omiyi, and all independent non-executive directors of Seplat Energy from running the company’s affairs “in an illegal, unfairly, prejudicial and oppressive manner pending the hearing and determination of the petitioners’ motion on notice for interlocutory injunction.”
