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Seplat Energy Sues Co-Founder, Consultancy Firm
Seplat Energy Plc, an indigenous energy company, has said that it has filed legal action against its co-founder, Ambrose Orjiako, and Amaze Ltd, a consultant firm.
The consultant deal with the firm has also been ended, according to a statement signed by the Board chairman, Basil Omiyi, on Thursday.
Seplat accused the co-founder of “unilaterally making significant commitments on Seplat’s letterhead without prior Board authority or knowledge” through Amaze Limited.
It was also revealed that repeated warnings had been disregarded resulting in a suspension of the agreement in February 2023.
“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,” part of the statement read.
“The termination follows the suspension of the Consultancy Agreement on 13 February 2023, as unanimously approved by the Board of Directors, following repeated warnings about breaches of a material nature, such as unilaterally making significant commitments on Seplat’s letterhead without prior Board authority or knowledge.
According to the statement, the consultancy agreement involved Dr. Orjiako providing “defined assistance with certain external stakeholder engagements.”
Seplat said that it had filed a lawsuit against Dr. Orjiako and Amaze Ltd at the Federal High Court in Abuja.
The indigenous firm claims it chose to shield the company and its shareholders, directors, and officers from potential and growing liability due to Orjiako’s actions.