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The Board of Seplat Energy has terminated the contract of appointment of Mr. Austin Avuru as a Non-Executive Director of the company
His sack,which was effected on 22nd December 2021,was due to breaches of the Company’s corporate governance policies and his fiduciary duties, according to a statement sent to the Nigerian Exchange (NGX).
The Board has called for his resignation as a Director of Seplat Energy.
Seplat Energy’s Memorandum and Articles of Association, 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.
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