Seplat Energy Plc has announced the appointment of Basil Omiyi as its new independent non-executive chairman. Omiyi replaces ABC Orjiakor, whose term ended on Wednesday.
According to a notice published by the Nigerian Stock Exchange on Thursday and seen by PREMIUM TIMES, Seplat has also appointed Charles Okeantalam as senior independent non-executive director of the firm, a position previously held by Mr. Omiyi.
The oil and gas firm said the appointment was approved following a unanimous vote of all its directors under the Nigerian Companies and Allied Affairs Act (“CAMA”).
The appointments will take effect immediately.
Omiyi Basil
Mr. Omiyi has been on the board of Seplat Energy since March 2013 and became the Senior Independent Non-Executive Director in February 2021.
With over 40 years of experience in the energy industry, he has held senior positions in Nigeria and Europe, including managing director of Shell Petroleum Development Company of Nigeria in 2004.
He was also Country President of Shell Companies, Nigeria, until his retirement in 2009.
He is the Independent Non-Executive Chairman of Stanbic IBTC Holdings, the local unit of South Africa’s Standard Bank Group, a position he has held since 2015. In 2011, he received the national honor of Commander of the Order of the Niger for pioneering Oil and Gas Leadership in Nigeria.
charles okahalam
Okeahalam became a member of the board in March 2013 as an independent non-executive director and was chair of Seplat Energy’s finance committee, as well as a member of the Energy Transition, Remuneration & Nominations and Governance committees.
He has extensive experience in corporate finance and capital markets, as well as extensive knowledge of African financial markets, economies and the investment industry.
“He co-founded AGH Capital Group, a Johannesburg-based private equity and diversified investment holding company with assets in several African countries,” the document says.
Before co-founding AGH Capital Group in 2002, he was Professor of Financial Economics and Banking at the University of the Witwatersrand in Johannesburg.
Other previous roles include advising various African central banks and government ministries, the World Bank and the United Nations.
He has held various board positions and is a former non-executive chairman of Heritage Bank Limited, Nigeria.
Okeahalam has served as non-executive chairman of Nigeria Mortgage Refinance Company.