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By Aduragbemi Omiyale

The outgoing chairman of Seplat Energy Plc, Mr. Ambrosie Bryant Chukwueloka (ABC) Orjiako, assured that the company will continue to maintain a high level of corporate governance.

Speaking last Thursday at the closing ceremony of the gong to honor him and introduce his successor, Mr. Basil Omiyi, to the market, the energy expert applauded the Nigerian Exchange (NGX) Limited for insisting on proper governance transparent and responsible corporate identity for issuers on its platform.

According to him, this has been essential to the growth of the company, ensuring that this trend would be maintained for the benefit of the company’s stakeholders.

“The high level of corporate governance promoted by NGX for its listed companies was a key attribute that motivated Seplat Energy Plc to enter the market.

“Since our market acceptance, Seplat Energy Plc has continued to provide an accountable and transparent corporate governance structure to our investors, employees, government and all other relevant stakeholders.

“We are committed to maintaining these high levels of corporate governance through our collaboration with NGX as we implement cutting-edge measures to ensure Nigeria achieves a sustainable energy sector,” he said.

To corroborate this, Mr. Omiyi said: “NGX has been instrumental in the growth of Seplat Energy Plc in the national and international markets. Our history with the exchange dates back to 2014 when the shares of Seplat Energy Plc were listed on the market and over the years Seplat has benefited immensely from working with NGX.

“As we celebrate another milestone on the trading floor, we look forward to strengthening our partnership with NGX as we pursue our shared goal of raising capital to enable sustainable initiatives that positively impact our investors, our employees and the environment.”

NGX Chairman, Mr. AB Mahmoud, in his remarks, congratulated Mr. Orjiako for his exemplary leadership and the outstanding performance of Seplat Energy for more than a decade, during which the company was listed on both NGX and the London Stock Exchange.

“The notable acquisition of eight oil and gas assets, the expansion of the Oben and the development of the ANOH gasworks under his leadership have positioned the company as the nation’s largest supplier of domestic gas,” said said Mr. Mahmoud, who was represented by a director at the stock exchange. , Mr. Kamarudeen Oladosu, he noted.

For his part, NGX CEO Mr. Temi Popoola said, “The exchange is best placed to lead the government’s advocacy efforts on behalf of listed companies, promote technological advancement and digital innovation for the capital and increase the participation of retail investors in the capital market. aimed at building a market for the future and addressing the current challenge of financial inclusion.

“We welcome Seplat Energy Plc to a renewed NGX and look forward to deepening our collaboration to develop and promote disruptive, off-the-shelf ideas that could support Nigeria’s energy transition to a net zero economy.”

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