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Indigenous power firm, Seplat Vitality Plc, has stated that it has taken steps in opposition to the ex parte interim orders in opposition to it and a few of its officers granted by Justice I.E Ekwo of the Federal Excessive Courtroom sitting in Abuja.
It was reported that Justice Ekwo in swimsuit quantity FHC/ABJ/CS/626/2023 – Juliet Gbaka & 2 others v. Seplat Vitality Plc & 13 others granted ex parte Interim orders which restrained the Board Chairman, the named Unbiased Non-Govt Administrators, the Chief Working Officer and the Firm Secretary from working or functioning as officers of Seplat Vitality in any capability or in any other case conducting the affairs of the corporate.
In a submitting on the Nigerian Change Restricted on Thursday, Seplat stated that it had filed “an Attraction and a Movement for Keep of Execution of the Orders. Seplat Vitality has been suggested by its authorized group that the Interim Orders, that are but to be served on the Firm or its officers, can’t be enforced till the Courtroom of Attraction has heard and decided the Attraction and utility for Keep of Execution.”
Within the assertion, Mrs. Chioma Afe of Seplat Communications & Exterior Affairs, stated the interim orders, have been but to be served on the corporate or any of the affected officers.
That is the third comparable petition by minority shareholders between March and April 2023, in opposition to the corporate.
The corporate had beforehand reported that the Federal Excessive Courtroom in Lagos presided over by Justice Aneke, in Moses Igbrude & 4 ors V. Seplat Vitality & 2 ors, vacated the ex parte interim orders that required the Firm’s CEO to step apart.
The Federal Excessive Courtroom in Abuja presided over by Justice Ekwo, in Federal Republic of Nigeria V. Seplat Vitality & 8 ors, formally dismissed the Immigration Cost in opposition to the Firm and a few of its Officers, and totally discharged all named Officers. This discharge adopted the Discover of Withdrawal/Discharge filed by the Director Authorized of the Nigeria Immigration Service and the Firm’s cooperation with the immigration authorities.
The third case was on the Federal Excessive Courtroom in Abuja, presided over by Justice Ekwo, in Boniface Okezie & 4 Ors. V. Seplat Vitality & 9 ors, the place the courtroom refused to grant the petitioners’ request to grant ex parte interim orders restraining the corporate from holding its Annual Normal Assembly.
The corporate’s AGM was held on Wednesday nearly and noticed shareholders approving the cost of US15 cents dividends.
The Seplat Vitality Board had beneficial a particular dividend of US 5 cents per share to be paid to shareholders, along with the ultimate quarterly dividend of US 2.5 cents per share. This introduced the whole dividend for the yr to US 15 cents per share.
Seplat had been embroiled in an argument after some aggrieved stakeholders accused the Chief Govt Officer, Roger Brown of racism, favouritism for expatriate staff, discrimination in opposition to Nigerians, and breach of the great governance code. The corporate has since denied the claims.
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