Seplat appoints chief financial officer, executive director

By Ambrose Nnaji

The Board of Directors of Seplat Petroleum Development Company Plc has appointment Mr. Emeka Onwuka as Chief Financial Officer (CFO) and Executive Director of the Company. He will join the company board with effect from August 1, 2020.

In a statement made available to Nation Update, Onwuka has over 30 years’ experience in financial services within Sub-Saharan Africa. He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /Chief Executive Officer (CEO) of Diamond Bank Plc and former Chairman of Enterprise Bank Limited.

He is a Partner at Andersen Tax Nigeria and holds various Board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria.

He received his Bachelor of Science (B.SC.) in Political Science from the University of Nigeria, Nsukka (UNN) and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, and a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

According to the statement, Onwuka also holds the Nigerian National Honour, Officer of the Order of the Niger (OON).

The Board of Seplat expressed the confident that the wealth of knowledge and experience he brings would be a great addition to the Company.

Seplat Petroleum Development Company Plc is a leading indigenous Nigerian oil and gas exploration and production company with a strategic focus on Nigeria, listed on the Main Market of the London Stock Exchange (“LSE”) (LSE:SEPL) and Nigerian Stock Exchange (“NSE”) (NSE:SEPLAT).

Seplat is pursuing a Nigeria focused growth strategy and is well-positioned to participate in future divestment programmes by the international oil companies, farm-in opportunities and future licensing rounds.