Avuru, who was sacked as Non-Executive Director of the Board, was a Co-founder and pioneer CEO of Seplat Energy.
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Following the recent media reports on the intervention of the Asset Management Corporation of Nigeria in the outstanding dispute between a consortium of banks and Shebah Exploration and Production Company Limited over unpaid loans since 2012, both parties and all stakeholders involved met last Tuesday to seek a way forward, especially on how it can be settled amicably.
In law, it is inappropriate to comment publicly on cases or matters that is under trial or being considered by a court, which can be an offence in itself, leading to contempt of court proceedings.
Seplat Petroleum Development Company Plc on Thursday said it recorded a profit of N73 billion for the financial year ended December 31, 2018.
Speaking to the theme, “Africa Oil and Gas: Positioning for the future” which discussed the Africa Oil and Gas narrative from the perspective of a Nigerian Independent, playing in the global equity space, Orjiako and other panellists highlighted the challenges that exists not just in Nigeria but on the entire Continent