REG - Seplat Energy PLC - Appointment of Three Directors on the Board

Seplat EnergyAnnouncement

22/04/2022 13:15

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RNS Number : 0685J  Seplat Energy PLC  22 April 2022

 

 

Seplat Energy Plc ("Seplat Energy" or the "Company")

Corporate Announcement on the Appointment of Three Directors on the Board of
Seplat Energy Plc

Lagos and London - 22(nd) April 2022: The Board of Directors of Seplat Energy
Plc today announces the appointment of Mrs. Bashirat Odunewu as an Independent
Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive
Director and Mr. Ernest Ebi as a Non-Executive Director. The three appointees
will be joining the Seplat Board with effect from 18(th) May 2022.

Mrs. Bashirat Odunewu (Independent Non- Executive Director) is a Banking and
financial expert with about 30 years' experience in the Finance and Banking
Industry. Up till June 2021, she served as C-Suite executive, corporate
banking (Energy, Natural Resources & Infrastructure), at First Bank
Nigeria Ltd, prior to which she was the line executive for their international
banking group where she supervised CEOs of the subsidiaries of First Bank in 6
African countries as well as the Bank's Representative office in China and
served as a board member for several of them. She is a business development
veteran, well versed in business strategy with over 10 years hands-on
experience at C-suite Executive Management level, an alumnus of Imperial
College (University of London) and University of Manchester. Bashirat is a
Chartered accountant (FCA) and a certified member of the Chartered Institute
of Arbitrators-UK (MCIArb). She is also a member of various reputable
professional associations including the Chartered Institute of Bankers Nigeria
(CIBN) and Institute of Directors (IoD). Bashirat currently serves as an INED
on the board of Leadway Holdings and Non-Executive Director (NED) on the
Boards of some African Subsidiary Banks of First Bank Nigeria.

She is an Independent NED on the Board of Neimeth International
Pharmaceuticals Plc (an NGX quoted company) and is also a member of the Board
of Directors for the Franco-Nigeria Chamber of Commerce and Industry where she
serves as the Treasurer.

Mrs. Odunewu has experience spanning audit/accounting, corporate &
commercial banking, Investment banking and treasury in various financial
institutions. She has specialized in Oil and Gas financing projects and led
notable successful syndications for acquisitions and development. She has been
the recipient of several Merit Awards in the organizations she has worked in
recognition of her stellar performance. Mrs. Odunewu is passionate about
supporting younger ones towards fulfilling their aspirations and is a
mentor/sponsor to many in this regard.

Mr. Kazeem Raimi (Non-Executive Director) is a nominee of Platform Petroleum
Limited replacing Mr. Austin Avuru who stepped down from the Board of Seplat
Energy on 1(st) March 2022. Mr. Raimi is presently the Executive Director,
Commercial for Platform Petroleum Limited. Previously with Seplat Energy as
General Manager, Commercial, Mr. Raimi was charged with the responsibility for
driving commercial, economics, valuation, planning and treasury activities
across the entire organisation. He also served previously as Manager,
Corporate Planning and Economics at Seplat Energy.

Mr. Raimi has extensive experience in project economics and risk analysis
having been Lead Petroleum Economics and Commercial Advisor at  Addax
Petroleum Nigeria where he also served in different capacities. Prior to this,
Mr. Raimi served as Treasury Manager at Cadbury Nigeria Plc and Finance
Analyst at Citibank Nigeria Limited. He had significant involvement in
commercial and economic evaluations of new ventures, farm-in and company
acquisition opportunities with  a thorough appreciation of tax, fiscal issues
and project economics especially as they relate to Nigeria, Gabon, Iraq and
Cameroon. In addition to his role at Platform Petroleum Limited, Mr. Raimi
also serves as a Non - Executive Director at PNG Gas Limited and Ase River
Transport Company Limited.

Mr. Raimi holds a First-Class Honors in Economics from the University of
Ibadan, an Msc in Oil and Gas Economics from the University of Dundee and has
undertaken several courses in Harvard Business School.

Mr. Ernest Ebi (Non-Executive Director) is a nominee of Shebah Petroleum
Development Company Limited (BVI) replacing Dr. A.B.C Orjiako who will step
down from the Board of Seplat Energy on 18(th) May 2022 after the Annual
General Meeting. Mr. Ebi is an executive whose vast experience in the banking
and finance industry spans over four (4) decades. From June 1999 to June
2009, he was appointed as a Deputy Governor at the Central Bank of Nigeria,
Nigeria's apex bank, where he covered policy and corporate services
portfolios. Prior to this, Mr. Ebi held several executive positions in the
banking industry in Nigeria and the United States of America. He was the
Deputy Managing Director in Diamond Bank Ltd where he led the bank's financial
services marketing strategy & initiatives for new business development
amongst others. In 1995, he was appointed by the Central Bank of Nigeria and
the Nigeria Deposit Insurance Corporation as the Managing Director & CEO
of New Nigerian Bank Plc. During his time at New Nigerian Bank Plc., he was
responsible for the development and implementation of a credible turn-around
plan for the bank and contributed significantly to the recovery of a huge
portfolio of non-performing risk assets. Mr. Ebi has also held senior
positions at the International Merchant Bank, as the Assistant General Manager
(credit & marketing department) and Assistant. General Manager (Loan
Review & Audit).

Mr. Ebi served as the Board Chairman of Fidelity Bank Plc (2016 - 2020) and
AIICO Pension Managers (2010-2021) and currently serves as an Independent
Director on the Board of Dangote Cement Plc., Julius Berger Nigeria Plc.,
Coronation Capital Ltd, and Coronation Asset Management Ltd.

Mr. Ebi is also a Fellow, Chartered Institute of Bankers, FCIB and Fellow,
Institute of Directors Nigeria (F.IOD). Mr Ebi has a very distinguished
career within the Banking and financial services industry and has undertaken
several leadership courses in Harvard Business School and Oxford Said Business
School. He was awarded the National Honour of Member of the Order of the
Federal Republic (MFR) by the Federal Government of Nigeria in 2007 in
recognition of his meritorious service

Commenting on the appointments, Dr. A. B. C. Orjiako, Chairman of SEPLAT
Energy said:

"The Board of SEPLAT Energy is pleased to welcome Mrs. Bashirat Odunewu, Mr.
Kazeem Raimi and Mr. Ernest Ebi. They are excellent professionals with their
wealth of experience spanning over decades. SEPLAT Energy eagerly looks
forward to the enormous contributions they will make towards achieving global
success."

-  ENDS -

For: Seplat Energy Plc

 

MRS. EDITH ONWUCHEKWA

Director Legal/Company Secretary

 

Enquiries:

 Seplat Energy Plc
 Emeka Onwuka,      Chief Financial Officer
 Chioma Nwachuku,     Director External Affairs and Sustainability
 Edith Onwuchekwa,    Director Legal/Company Secretary
 Carl Franklin,       Head of Investor
                    Relations
 FTI Consulting       Ben Brewerton / Christopher Laing
                                                   +44 (0) 203 727 1000
                    seplat@fticonsulting.com (mailto:seplat@fticonsulting.com)

 

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