Business
Interim Court Orders Update
Interim Court Orders Update.
About this update from Seplat Energy Plc
[{"type":"text","content":"\n\n \n \n \n \nSeplat Energy Plc\n(\"Seplat Energy\" or the \"Company\")\n \nInterim Court Orders to Seplat in the bankruptcy action by Access Bank Plc against Dr. A.B.C Orjiako.\n \nLagos and London - August 10, 2023: Seplat Energy announces that on 8th August 2023, the Company was served with ex parte Interim Court Orders which were granted by the Federal High Court sitting in Lagos, Nigeria in a bankruptcy court action instituted by Access Bank Plc against Dr. A.B.C Orjiako, for the recovery of an outstanding loan amount that forms the judgment delivered by the High Court of the United Kingdom and registered in Nigeria as a judgment of the Federal High Court.\nThe Interim Orders restrain Seplat Energy and other companies / financial institutions from dealing with the shares, investments, bonds, assets and funds belonging to Dr. Orjiako (whether held by him directly or via proxy), which are in the custody of Seplat or any financial institution, pending the hearing and final determination of Access Bank's motion for the appointment of a Special Manager.\nSeplat Energy is not a judgment debtor under the UK judgment sought to be enforced. There are no claims against the Company in the bankruptcy proceedings, and the Orders have no impact on the operations of Seplat Energy.\n- ENDS -\nSigned:\n \n \n \nMrs. Edith Onwuchekwa\nDirector Legal/Company Secretary\n \n \nEnquiries:\n \n\n\n\n\n\n\n\n\n Emeka Onwuka, Chief Financial Officer &nb...