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Seplat Energy Plc has confirmed that Saidu Aliyu Mohammed has withdrawn his acceptance of appointment as an Independent Non-Executive Director, following his appointment by the Federal Government as Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
In a regulatory update dated December 22, 2025, Seplat said it received formal notification from Engineer Mohammed withdrawing from the board role due to the conflict of interest created by his new regulatory position.
The board appointment had been scheduled to take effect on January 1, 2026.
The company noted that the withdrawal was initiated by the appointee and was not a cancellation by Seplat. It congratulated Engineer Mohammed on his federal appointment and expressed support for his national assignment, adding that the role at the NMDPRA is critical to the industry.
The NMDPRA leadership position became vacant following the resignation of Farouk Ahmed, after a series of public allegations relating to financial spending were raised by Aliko Dangote.
Seplat said it will update the market in due course on any future appointment to the board position.
The development is not expected to have a material impact on the company’s operations or financial outlook, as the appointment had not yet taken effect.
From a governance standpoint, the disclosure underscores adherence to independence and conflict-of-interest standards, particularly for a dual-listed energy company operating within a tightly regulated sector.
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