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| Prof Fabian Ajogwu and Mr. Bello Rabiu |
Dr. A.B.C Orjiako, Board Chairman, Seplat Energy, announced
the appointments in a notice posted on the website of the Nigerian Exchange
Limited (NGX) on Friday in Lagos.
Prof. Fabian Ajogwu is a Senior Advocate of Nigeria and
Lagos Business School Professor of Corporate Governance. He is an Alumnus of
the Said Business School of Oxford University, and an Alumnus of the Lagos
Business School. Professor Ajogwu holds a doctorate in Law from the University
of Aberdeen, Scotland; an MBA from the IESE Business School, University of
Navarra, Barcelona; and Law degrees from the University of Nigeria, and the
University of Lagos.
Professor Ajogwu is a Fellow and Director of the Society for
Corporate Governance Nigeria; a Fellow of the Nigerian Institute of Chartered
Arbitrators, Fellow of the African Leadership Initiative West Africa, Henry
Crown Global Leadership of the Aspen Institute (2009 Class set), Fellow of the
AIFA Reading Society, Fellow of the Society for Art Collection, a member of the
Oxford Philosophical Society, and a member of the Royal Institute of
Philosophy,
London Professor Ajogwu assisted the Securities and Exchange
Commission in drafting Nigeria’s pioneer Code of Corporate Governance from 2001
to 2003.
He chaired the Nigerian Communications Commission Committee
on Corporate Governance between 2013 and 2014 that produced the pioneer NCC
Code of Corporate Governance for the Telecommunication sector. He served on the
Financial Reporting Council of Nigeria Committee on the 2018 National Code of
Corporate Governance. He chairs the Body of Senior Advocates of Nigeria
Committee on Continuing Legal Education.
Mr. Bello Rabiu holds a Bachelor’s and Master’s Degrees in
Mathematical Statistics from Ahmadu Bello University Zaria, Nigeria and another
Master’s Degree in Petroleum Engineering from The Imperial College, London,
United Kingdom.
He attended many career advancements courses in Nigeria and
abroad including the prestigious Wharton Executive Development Program from the
University of Pennsylvania in Philadelphia, USA and the Leading Global Business
Program from Harvard Business School, Boston, USA.
Before his new role at Dankiri Farms, Mr. Rabiu retired from
the services of Nigerian National Petroleum Corporation (NNPC) in July 2019
after 28 years of service. He retired from NNPC as the Chief Operating
Officer/Group Executive Director, Upstream Business Unit. Prior to his
appointment as COO/GED Upstream, NNPC.
Mr. Rabiu held dual positions of Group General Manager,
Corporate Planning & Strategy Division and Senior Technical Assistant to
Group Managing Director, NNPC. He was also the General Manager, Competitive
Analysis Department of the same Division from September 2010 till August 11th,
2015.
He was at various times between 1991 and 2005 a planning
officer and Pioneer Head, Material Management, Frontier Exploration Services at
the National Petroleum Investment Management Services (NAPIMS) Division of
NNPC.Mr. Rabiu has a balanced knowledge of the Exploration & Production
industry in Nigeria. He has the unusual capability which combines commercial/fiscal
knowledge with operations.
This was particularly valuable in the development of the
recently approved upstream Joint Venture funding scheme which has restored the
confidence of the International Oil Companies (IOCs) Partners and the
implementation of the 7 Critical Gas Development Projects, an offshoot of the
Nigerian Gas Master Plan aimed at using gas for Nigeria’s industrialization,
economic growth and development – where significant consideration had to be
given to strategic intent, fiscal rules and commerciality of supply.
Commenting on the appointments, Dr. A. B. C. Orjiako,
Chairman of SEPLAT Energy stated as follows said that “The Board of SEPLAT
Energy is pleased to welcome, Prof. Ajogwu and Mr. Rabiu. These two prominent
intellectuals bring vast knowledge in important areas such as the energy
sector, corporate and business governance, industry regulation, and capital
markets. SEPLAT Energy looks forward to the immense contribution they will make
towards its continuing global success.”
In line with the corporate governance principle of
refreshing the Board intermittently through an appropriate balance of skills
and diversity, it is hereby stated that the search for the replacement for Lord
Mark Malloch-Brown is still ongoing and would be announced in due course.
This announcement is being made in accordance with Rule 4 of
the Nigerian Exchange Limited Amended Listing Rules and Rule 9.6.11 of the UK
Listing Rules.