Connect with us


Seplat Energy terminates appointment of Avuru as director



Seplat Boss confirm for WAPIC opening as power industry experts gather in Lagos

The Board of Seplat Energy Plc., has announced the termination of the appointment of Mr Austin Avuru as a non-executive director effective Dec. 22.

The director, Legal/Company Secretary of Seplat, Mrs Edith Onwuchekwa, made this known in a notice posted on the website of the Nigerian Exchange (NGX) Ltd., on Thursday.

According to the notice, the termination of the appointment was due to breaches of the company’s corporate governance policies and his fiduciary duties.

The notice explained that the board had called for Avuru’s resignation as a director of Seplat Energy.

“In line with Seplat Energy’s Memorandum and Articles of Association, Platform Petroleum Ltd. has been asked to nominate a candidate for his replacement on the board.”

“A further announcement will be made in due course,” the notice said.

Itohan Abara-laserian

NEWSVERGE, published by The Verge Communications is an online community of international news portal and social advocates dedicated to bringing you commentaries, features, news reports from a Nigerian-African perspective. A unique organization, founded in the spirit of Article 19 of the Universal Declaration of Human Rights, comprising of ordinary people with an overriding commitment to seeking the truth and publishing it without fear or favour. The Verge Communications is fully registered with the Corporate Affairs Commission of the Federal Republic of Nigeria as a corporate organization.