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By Dipo Olowookere
The former chairman of Fidelity Bank Plc, Mr. Ernest Ebi, has been appointed to the board of directors of Seplat Energy as a non-executive director.
He is appointed by Shebah Petroleum Development Company Limited (BVI) to replace Mr. ABC Orjiako, who will leave the Board of Directors after the Annual General Meeting (AGM) scheduled for May 18, 2022.
Mr. Ebi is one of three directors appointed to the board of the company listed on the Nigerian Exchange (NGX) Limited and the London Stock Exchange (LSE).
The other two appointees are Ms. Bashirat Odunewu as independent non-executive director and Mr. Kazeem Raimi as non-executive director.
Mr. Ebi served as Chairman of the Board of Fidelity Bank from 2016 to 2020 and AIICO Pension Managers from 2010 to 2021 and is currently an Independent Director on the Board of Directors of Dangote Cement Plc, Julius Berger Nigeria Plc, Coronation Capital Limited and Coronation Asset Management Limited. .
Business post reports that from 1999 to 2009, he served as Deputy Governor of the Central Bank of Nigeria (CBN), where he covered policy and business services portfolios.
In 1995, he was appointed by the CBN and the Nigeria Deposit Insurance Corporation (NDIC) as Managing Director/CEO of New Nigerian Bank Plc and was responsible for developing and implementing a turnaround plan credibility for the bank and contributed significantly to the recovery of a huge portfolio of non-performing risky assets.
Mr. Raimi is a candidate of Platform Petroleum Limited to replace Mr. Austin Avuru who left the board of directors of Seplat Energy on March 1, 2022. He is currently the Chief Commercial Officer of Platform Petroleum Limited.
He was previously at Seplat Energy as Managing Director, Commercial, where he was responsible for leading commercial, economic, valuation, planning and treasury activities across the organization.
Mr. Raimi was formerly Treasury Manager at Cadbury Nigeria Plc and Financial Analyst at Citibank Nigeria Limited and played a significant role in business and economic assessments of new ventures, farm and business acquisition opportunities with an appreciation in-depth study of taxation, tax issues and the economics of the project. particularly with regard to Nigeria, Gabon, Iraq and Cameroon.
As for Ms. Odunewu, she is an independent NED on the board of directors of Neimeth International Pharmaceuticals Plc and is also a member of the board of directors of the Franco-Nigerian Chamber of Commerce and Industry of which she is the treasurer.
Until June 2021, she held the position of Senior Manager, Corporate Banking (Energy, Natural Resources and Infrastructure), at First Bank Nigeria Ltd and was previously the Line Manager of their International Banking Group where she oversaw the CEOs of the First Bank subsidiaries in six African countries as well as the bank’s representative office in China.
Commenting on the nominations, Mr. Orjiako expressed the desire of Seplat’s board of directors to have these respected figures among them, saying that the company “looks forward to the enormous contributions they will make to global success”.
The title and introduction have been corrected to Fidelity Bank by the defunct Diamond Bank. We apologize for the error.