Seplat Energy Removes Austin Avuru As A Non-Executive Director

The Board of Seplat Energy announces that it terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director on 22^nd December 2021, due to breaches of the Company’s corporate governance policies and his fiduciary duties.

The Board has called for his resignation as a Director of Seplat Energy.

According to the company in a terse statement, its action is in line with Seplat Energy’s Memorandum and Articles of Association, even as it said Platform Petroleum Limited has been asked to nominate a candidate for his replacement on the Board, and a further announcement will be made in due course.