From Abubakar Y Ojimaojo ABUJA
Indigenous energy company, Seplat Energy Plc, has revealed that it had commenced legal proceedings against its co-founder, Dr Ambrose Orjiako and a consultancy firm, Amaze Limited.
In a statement signed by the Board chairman, Basil Omiyi, on Thursday, the company said that the consultancy agreement with the firm has also been terminated.
The company accused the co-founder through Amaze Limited of “unilaterally making significant commitments on Seplat’s letterhead without prior Board authority or knowledge.”
It was also revealed that repeated warnings had been disregarded resulting in a suspension of the agreement in February 2023.
Part of the statement read, “Seplat Energy Plc announces the termination with immediate effect of the Consultancy Agreement between the Company’s wholly-owned subsidiary and its co-founder, Dr. A.B.C Orjiako, acting through Amaze Limited.
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