Tony Elumelu Gets Appointed as a Non-Executive Director on the board of Seplat
Billionaire businessman and banker Tony Elumelu has just been appointed as the non-executive director on the board of Seplat Energy PLC, following the acquisition of 20% shares by Heirs Holdings.
According to reports, the acquisition makes Elumelu one of the company’s majority shareholders, and the board appointment takes effect from January 22, 2026, according to a corporate filing submitted on Thursday and signed by Edith Onwuchekwa, Seplat’s company secretary.
Elumelu’s Heirs Holdings Limited and Heirs Energies Limited acquired a combined 20.07% equity stake in Seplat Energy, with the appointment of Elumelu to the board as the final seal to the completion of the deal.
These shares were previously held by a French oil and gas firm, Etablissements Maurel et Prom SA, also known as M&P.
M&P’s nominee on the board of Seplat, Olivier Cleret De Langavant, was said to have resigned his position, having joined in January 2020. And according to Seplat, Langavant’s resignation led to the sale of M&P’s shares.
The company has further described Elumelu as a globally respected African investor, philanthropist, and advocate for the continent’s economic transformation while announcing his appointment as a non-executive director on the board.
Seplat’s chairman, Udoma Udo Udoma, also welcomed Tony Elumelu to the board and said the company looks forward to leveraging his business development, governance, and sustainable value creation.
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