Seplat Energy says Saidu Mohammed has withdrawn his acceptance of its board appointment over his recent appointment as chief executive officer (CEO) of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
On December 17, the company announced the appointment of Mohammed as an independent non-executive director, effective January 1.
On the same day, President Bola Tinubu Tinubu nominated Mohammed as CEO of the authority, replacing Farouk Ahmed, who had resigned following allegations of economic sabotage and corruption.
In a statement on Monday by Edith Onwuchekwa, Seplat’s company secretary, the company said Mohammed attributed his decision to a “conflict of interest” stemming from the appointment.
