Business

Seplat CEO, Austin Avuru, Suspends Retirement Dinner Over Court Order

The founding, immediate past Chief Executive Officer, CEO, of Seplat Energy Plc, Mr Austin Avuru, has called off the planned retirement dinner which was to feature the unveiling of his books.

The development followed an order from an Abuja High Court presided over by Justice SB Belgore on a related event.

An e-message signed by the respected oil and gas expert informed invited guests that the “event has been suspended by an Abuja High Court Injunction. Our lawyers are at work and, when we are permitted, we shall re-assemble at a later date.”

“sincere apologies to our invited guests and dignitaries for untold inconveniences and arrested expectations. Very warm regards,” the message added.

The Abuja court had issued the injunction following a motion filed by Tochukwu Peter Tochukwu, Esq. but moved by Nsikan Samuel Ekpeyong, Esq. with Motion No. M/9442/2022 dated 26th day of July 2002

The motion sought a number of reliefs which included “An order of interim injunction restraining the defendants, their privies, assigns, agents and howsoever described from proceeding to temper with the res – by taking any step geared at releasing or public presentation of the book titled – “My Entrepreneurship Journey”, A Safe Part of Hands and Politics, Economics and the Nigerian Petroleum Industry all by Austin Avuru – Founding CEO, Seplat Energy or any other book(s) on the 4th of August, 2022 or at any other date in Eko Hotels and Suites Victoria Island or any other venue pending the hearing and determination of the motion on notice.

They also sought “an Order directing the Inspector General of Police either by himself or any officer under his control or command to ensure strict compliance with the foregoing Orders.”

Since retiring as the pioneer CEO of the Nigerian independent oil company which he took public in a historic dual listing on the NSE and LSE in 2014, Austin Avuru has been the subject of media attacks by some elements in his former company, the statement alleged.

TruetellsNigeria

Recent Posts

Mike Adenuga Is Alive!

Mike Adenuga, the wealthy Nigerian known for his far-reaching generosity, is alive. Insiders within his…

2 hours ago

BO Foundation (BOFIM) Supports Girls with Disabilities with Sanitary Pads

  BO Foundation for Inclusive Media (BOFIM), the Non-governmental Organisation (NGO) arm of BONews Service…

5 hours ago

Polaris Bank Champions Financial Literacy for Students in Commemoration of World Savings Day 2024

Polaris Bank concluded its nationwide financial literacy initiative with an impactful session at the MD/CEO’s…

8 hours ago

Polaris Bank Clinches “Best Mobile App” Award at Digital Jurist Awards 2024

Polaris Bank's commitment to digital innovation and excellence has once again been recognized, as the…

8 hours ago

Primetime Reporters Celebrates 10th Anniversary In Lagos December 4

  …Set to honour some deserving Nigerians Nigeria's leading online news platform, Primetime Reporters, will…

8 hours ago

FirstBank Hosts Inaugural China-Africa Interbank Association Forum

FirstBank, the premier West African financial institution and financial inclusion service provider has announced its…

11 hours ago