The embattled Chief Executive Officer (CEO) of Seplat Energy Plc, Roger Brown, has stepped down from his position.
His action followed an order of the Federal High Court in Lagos which temporarily restricted him from the everyday running and management of the company.
This was made known in a statement issued on Friday and signed by the Chairman of the Board of Directors of Seplat, Basil Omiyi, who said the decision followed the order of the Federal High court.
According to reports, the indigenous oil firm said that its Chief Operation Officer, Samson Ezugworie, will continue to act as the CEO during the period that Brown is required to step back from his executive duties.
This is a developing story…