Seplat Energy has revealed that the company’s Chairman, Basil Omiyi, will resign ahead of its ongoing proposed acquisition of assets belonging to ExxonMobil.
Ripples Nigeria previously reported that Seplat offered to acquire ExxonMobil’s stake in Mobil Producing Nigeria Unlimited (MPNU) in February 2022.
But one year after, the acquisition is yet to be completed, as the oil and gas industry regulator is blocking the deal. However, as Seplat continues the discussion on the acquisition, the firm said part of the acquisition plan was the retirement of Omiyi from the board before the May 2024 Annual General Meeting.
