The former Chairman of Seplat Energy Plc, Ambrose Orjiako, on Friday, denied any wrongdoing to the company, following various allegations levelled against him by the oil firm.
On Thursday, The Seplat filed a writ of summons before the Federal High Court in Abuja, suing the ex-chairman for damages amounting to N5bn.
The writ, with Suit No FHC/ABJ/CS/386/2023, was filed before the court on March 21, 2023, and the court ordered the defendant to appear before it within 30 days.
In the suit, Seplat asked the court to declare the use of its official letterhead by Orjiako to make an offer in the sum of $300m, without recourse to the Board, a clear breach of the terms of their subsisting consulting agreement and a breach of the Companies and Allied Matter Act, 2020, among other issues.
