Justice Inyang Ekwo of the Federal High Court, Abuja, on Thursday, ordered the suspension of the Chief Executive Officer of Seplat Energy, Roger Brown, pending the determination of motion on notice filed by three shareholders of the company.
The aggrieved shareholders are – Juliet Gbaka, Margaret Funmilayo, and Clement Akaeme – had in suit number FHC/ABJ/CS/626/23 sought an order compelling the Securities and Exchange Commission (SEC) to appoint suitable persons to run the affairs of the company, among other demands.
The judge, who gave the order while ruling on a motion ex-parte dated May 8 moved by the counsel for the plaintiffs, Abiodun Layonu, also suspended the Chairman of Seplat Board, Basil Omiyi, Emma Fitzgerald, Charles Okeahalam, Fabian Ajogwu, Rabiu Bello and Bashirat Odenewu, who are independent Non-Executive Directors in the company.
