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	<title>Seplat Archives - Business News in Nigeria</title>
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	<title>Seplat Archives - Business News in Nigeria</title>
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		<title>Chioma  Afe moves to Seplat Energy</title>
		<link>https://unmaskng.com/chioma-afe-moves-to-seplat-energy/</link>
					<comments>https://unmaskng.com/chioma-afe-moves-to-seplat-energy/#respond</comments>
		
		<dc:creator><![CDATA[unmask]]></dc:creator>
		<pubDate>Mon, 15 May 2023 19:01:30 +0000</pubDate>
				<category><![CDATA[Corporate News]]></category>
		<category><![CDATA[Chioma Yvonne Afe]]></category>
		<category><![CDATA[Seplat]]></category>
		<guid isPermaLink="false">https://unmaskng.com/?p=9488</guid>

					<description><![CDATA[<p>Chioma Yvonne Afe resumes as Director External Affairs and Sustainability at leading Independent Energy business Seplat Energy. She is an accomplished strategic Senior Communications Executive and Business Leader. With a demonstrated record of success in developing and implementing high-impact communication strategies that drive business growth, enhance brand reputation and drive revenue growth. She is recognized [&#8230;]</p>
<p>The post <a href="https://unmaskng.com/chioma-afe-moves-to-seplat-energy/">&lt;strong&gt;Chioma  Afe moves to Seplat Energy&lt;/strong&gt;</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p><strong>Chioma Yvonne Afe</strong> resumes as Director External Affairs and Sustainability at leading Independent Energy business Seplat Energy. She is an accomplished strategic Senior Communications Executive and Business Leader. With a demonstrated record of success in developing and implementing high-impact communication strategies that drive business growth, enhance brand reputation and drive revenue growth. She is recognized as a self-motivated, passionate, dedicated, and proactive leader with a strong problem-solving mindset and an exceptional work ethic.</p>



<p>Throughout her career, she has specialized in unlocking the potential of brands and driving sustainable stakeholder engagement leveraging the power of communication in a compelling manner. Her expertise spans a diverse range of industries, including advertising, consulting, consumer goods, telecommunications, broadcast media and financial services where she has managed corporate and marketing communication campaigns for both established brands and large corporates.</p>



<p>In her most recent role as Group Head of Marketing and Communications at Access Bank, Chioma was a member of the executive team, as well as the Africa Leadership team responsible for corporate and retail communication teams in all Africa subsidiary markets. She is an influential and transformational leader known to galvanize high-performing cross-functional teams, which include external partners, towards a common objective.</p>



<p>Before joining Access Bank PLC, Chioma was the Head of Corporate Communications at Diamond Bank PLC. She has also worked in DSTV (MultiChoice Nigeria Ltd), Cadbury Mondeleez, Airtel, Coca-Cola Nigeria, British American Tobacco (BATN), Andersen and Tequila Nigeria Limited in various leadership and managerial capacities, both locally and across the African continent.</p>



<p>A lifelong learner, she has an MBA from the prestigious Imperial College Business School, London, a Diploma in Marketing from the Institute of Direct Marketing London and a Bachelor&#8217;s degree in English from the University of Port Harcourt. She is a Board Member of Women in Management, Business &amp; Public Service (WIMBIZ) as well as a mentor in the WIMBOARD 2023 cohort, an EXCO member of the Advertisers Association of Nigeria and a member, National Institute of Marketing Nigeria.</p>



<p>She is married with four beautiful children.</p>
<p>The post <a href="https://unmaskng.com/chioma-afe-moves-to-seplat-energy/">&lt;strong&gt;Chioma  Afe moves to Seplat Energy&lt;/strong&gt;</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">9488</post-id>	</item>
		<item>
		<title>Seplat’s Orjiakor Indicted In Debt Controversy</title>
		<link>https://unmaskng.com/seplats-orjiakor-indicted-in-debt-controversy/</link>
					<comments>https://unmaskng.com/seplats-orjiakor-indicted-in-debt-controversy/#respond</comments>
		
		<dc:creator><![CDATA[unmask]]></dc:creator>
		<pubDate>Tue, 08 Dec 2020 14:42:09 +0000</pubDate>
				<category><![CDATA[Corporate News]]></category>
		<category><![CDATA[Access Bank]]></category>
		<category><![CDATA[Bryant Orjiakor]]></category>
		<category><![CDATA[Diamond Bank]]></category>
		<category><![CDATA[Kalu Nwosu]]></category>
		<category><![CDATA[Seplat]]></category>
		<guid isPermaLink="false">https://unmaskng.com/?p=1614</guid>

					<description><![CDATA[<p>It appears that Seplat co-founder, Bryant (ABC) Orjiakor, has been caught up in debt controversy and the shutdown of Seplat headquarters by Access Bank. Recall that few days ago, Unmask NG reported that the financial institution secured the order to shut down the headquarters over&#160; the&#160;debt&#160;owed by&#160;Cardinal Drilling, which is a third party company that [&#8230;]</p>
<p>The post <a href="https://unmaskng.com/seplats-orjiakor-indicted-in-debt-controversy/">Seplat’s Orjiakor Indicted In Debt Controversy</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p><strong>It appears that Seplat co-founder, Bryant (ABC) Orjiakor, has been caught up in debt controversy and the shutdown of Seplat headquarters by Access Bank.</strong></p>



<p>Recall that few days ago, <strong>Unmask NG</strong> reported that the financial institution secured the order to shut down the headquarters over&nbsp; the<strong>&nbsp;</strong>debt<strong>&nbsp;</strong>owed by&nbsp;<strong>Cardinal Drilling</strong>, which is a third party company that provides drilling services to Seplat.</p>



<p>Following the shut down, Seplat promised to take legal action against Access bank to vacate the court order pursuant to which the building was sealed.</p>



<h4 class="wp-block-heading"></h4>



<h5 class="wp-block-heading"></h5>



<p><strong>The Bad Debt story</strong></p>



<p>It all began when diamond bank was merged with Herbert Wigwe-led bank. it happened that diamond bank incurred bad loans. One of which was the $85.8million obtained by Cardinal drilling<strong>.</strong></p>



<p>The loan which was secured in 2012 was used to obtain CDS Rigs 101, 201, 202, and 203, to provide drilling services to Seplat.</p>



<p>Years later, the loan became a burden on Access Bank due to the merge. Therefore calls out Cardinal Drillings, its Managing Director,&nbsp;Kalu Nwosu, and Orjiakor to recover the loan.</p>



<p>Although, Seplat maintains that there is no relationship with cardinal drilling and itself and it doesn’t own a stake in cardinal drilling, more ties continue to spring up in their interactive voice response and website.</p>



<p>Now, Orjiakor is seen at the middle of the deep blue sea as access bank insists that since he is one of the major investors of Cardinal Drillings, he has to repay the bad loans or else it would seize properties belonging to cardinal drilling.</p>



<p>It is pertinent to know that at the time of publishing the report, Cardinal drilling company is yet to respond to any of the allegations laid before the company.</p>
<p>The post <a href="https://unmaskng.com/seplats-orjiakor-indicted-in-debt-controversy/">Seplat’s Orjiakor Indicted In Debt Controversy</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">1614</post-id>	</item>
		<item>
		<title>Access Bank, Seplat In Dispute, Here&#8217;s Why</title>
		<link>https://unmaskng.com/access-bank-seplat-in-dispute-heres-why/</link>
					<comments>https://unmaskng.com/access-bank-seplat-in-dispute-heres-why/#respond</comments>
		
		<dc:creator><![CDATA[unmask]]></dc:creator>
		<pubDate>Fri, 04 Dec 2020 15:43:24 +0000</pubDate>
				<category><![CDATA[Corporate News]]></category>
		<category><![CDATA[Access Bank]]></category>
		<category><![CDATA[Seplat]]></category>
		<category><![CDATA[Seplat Oil and gas company]]></category>
		<guid isPermaLink="false">https://unmaskng.com/?p=1575</guid>

					<description><![CDATA[<p>Information reaching Unmask NG has it that there’s an ongoing dispute between Access Bank and Seplat Petroleum Development Company. According to our sources,&#160;they are at loggerheads over debt. The financial institution, in a statement seen by&#160;Unmask NG, stated that the ongoing dispute was as a result of the debt owed by Cardinal Drilling, which is [&#8230;]</p>
<p>The post <a href="https://unmaskng.com/access-bank-seplat-in-dispute-heres-why/">Access Bank, Seplat In Dispute, Here&#8217;s Why</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<h4 class="wp-block-heading"><strong>Information reaching Unmask NG has it that there’s an ongoing dispute between Access Bank and Seplat Petroleum Development Company.</strong></h4>



<p><strong>According to our sources,&nbsp;they are at loggerheads over debt.</strong></p>



<p>The financial institution, in a statement seen by&nbsp;<strong>Unmask NG</strong>, stated that the ongoing dispute was as a result of the<strong> </strong>debt<strong> </strong>owed by <strong>Cardinal Drilling</strong>, which is a third party company that provides drilling services to Seplat.</p>



<h2 class="wp-block-heading"><strong>SEPLAT defense on</strong><strong> the ongoing dispute</strong><strong></strong></h2>



<p>In response to the ongoing dispute, SEPLAT stated that it doesn&#8217;t own a stake in Cardinal Drilling, hence it doesn&#8217;t understand why Access Bank sealed its Headquarters.</p>



<p>Seplat stated: &#8220;We understand that Cardinal Drilling has outstanding loan obligations to Access Bank. However, SEPLAT is neither a shareholder in Cardinal Drilling, nor has outstanding loan obligations or guarantees to Access Bank and did not at any time make any commitments or guarantees in respect of Cardinal Drilling’s loan obligations to Access Bank.</p>



<p>&#8220;SEPLAT strongly believes that there is no merit or justification for this action against it and has taken prompt legal action to vacate the court order pursuant to which the building was sealed.</p>



<p>&#8220;This action was taken by Access Bank without any prior notice to SEPLAT, as required under Nigerian law. SEPLAT will vigorously defend against this improper action to the full extent of the law and will seek all appropriate legal remedies.&#8221;</p>



<p>It is pertinent to note that access bank has gone beyond the line to lock up the head quarters of one of the top leading oil and gas company in Nigeria. With this line of action taken by the bank, the reputation of the financial institution is at stake as the matter would definitely be taken to court thereby dragging the name of the bank into the mud.</p>
<p>The post <a href="https://unmaskng.com/access-bank-seplat-in-dispute-heres-why/">Access Bank, Seplat In Dispute, Here&#8217;s Why</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
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		<post-id xmlns="com-wordpress:feed-additions:1">1575</post-id>	</item>
		<item>
		<title>Austin Avuru: His Retirement Plans and Other Things You Should Know</title>
		<link>https://unmaskng.com/austin-avuru-his-retirement-plans-and-other-things-you-should-know/</link>
					<comments>https://unmaskng.com/austin-avuru-his-retirement-plans-and-other-things-you-should-know/#respond</comments>
		
		<dc:creator><![CDATA[unmask]]></dc:creator>
		<pubDate>Thu, 30 Jul 2020 15:16:53 +0000</pubDate>
				<category><![CDATA[Corporate News]]></category>
		<category><![CDATA[Austin Avuru]]></category>
		<category><![CDATA[Austin Avuru: His Retirement Plans and Other Things You Should Know]]></category>
		<category><![CDATA[Latest company news in Nigeria]]></category>
		<category><![CDATA[Roger Brown]]></category>
		<category><![CDATA[Seplat]]></category>
		<guid isPermaLink="false">https://unmaskng.com/?p=611</guid>

					<description><![CDATA[<p>Austin Avuru, the Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc, has exited the oil and gas company after 11 years. His exit will take effect from Friday, July 31, 2020. Avuru made the disclosure of his exit in the company&#8217;s latest financial statement, where he confirmed Roger Brown as his successor His [&#8230;]</p>
<p>The post <a href="https://unmaskng.com/austin-avuru-his-retirement-plans-and-other-things-you-should-know/">Austin Avuru: His Retirement Plans and Other Things You Should Know</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
]]></description>
										<content:encoded><![CDATA[
<p><strong>Austin Avuru, the Chief Executive Officer (CEO) of Seplat Petroleum Development Company Plc, has exited the oil and gas company after 11 years. His exit will take effect from Friday, July 31, 2020.</strong></p>



<p>Avuru made the disclosure of his exit in the company&#8217;s latest financial statement, where he confirmed <strong>Roger Brown</strong> as his successor</p>



<p>His words; &#8220;This is my final set of results as Chief Executive of the Company I helped to found ten years ago.</p>



<p>&#8220;I thank all my staff, past and present, for working to make Seplat a major force in Nigerian energy production. I hand a robust and successful company over to Roger Brown in the confidence that he and everyone at Seplat will make its second decade even more successful than its first.”</p>



<p>Although, he didn&#8217;t disclose his reason for exiting the company in his statement; <strong>Unmask NG </strong>understands that the exit was a move towards retirement.</p>



<h2 class="wp-block-heading"><strong>His retirement plans&#8230;</strong></h2>



<p>In an interview with <strong>This Day </strong>two years ago, Avuru disclosed that he would be toeing a path by other billionaires like &#8211;<strong>Tony Elumelu</strong>.</p>



<p>“I will manage a small investment company, focusing on oil and gas upstream, real estate, capital market investment and agriculture,&#8221; he was quoted as saying.</p>



<h2 class="wp-block-heading"><strong>Below are four things that you should know about Austin Avuru:</strong></h2>



<ul class="wp-block-list"><li>Avuru graduated from the University of Nigeria, Nsukka in 1980, with a degree in Geology.</li><li>In 1992, he returned to school, University of Ibadan precisely, to get a Postgraduate Diploma in Petroleum Engineering.</li><li>After 22 years of serving others, he founded his own oil and gas company, Platform Petroleum Limited, which later merged with A.B.C Orjiakor’s Shebah Petroleum Development Company, to become Seplat.</li><li>He is a former president of the Association of Petroleum Explorationists.</li></ul>
<p>The post <a href="https://unmaskng.com/austin-avuru-his-retirement-plans-and-other-things-you-should-know/">Austin Avuru: His Retirement Plans and Other Things You Should Know</a> appeared first on <a href="https://unmaskng.com">Business News in Nigeria</a>.</p>
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