Seplat Appoints Elumelu as Non-Executive Director Amid Shareholder Acquisition

Seplat (NGX: SEPLAT), a Nigerian oil and gas company, has appointed Elumelu as a non-executive director after he became the largest shareholder. Elumelu's appointment comes after he acquired a 7% stake in Seplat through his investment vehicle, Heirs Holdings.

This move is seen as a strategic decision to strengthen Seplat's leadership and governance structure.