Tony Elumelu is set to become chairman of Seplat Energy Plc from January 2027, while the company has appointed veteran oil and gas executive Effiong Okon as its new chief executive officer, effective August 1, 2026.
The appointments, announced in a notice filed with the Nigerian Exchange Limited (NGX), mark a significant leadership transition at one of Nigeria’s largest indigenous energy companies following the recent acquisition of a strategic stake by Elumelu’s Heirs Energies.
Elumelu will succeed Udoma Udo Udoma, who currently chairs the Seplat board.
The company said the appointments represent a new phase in its growth strategy as it seeks to strengthen its position across oil, gas and new energy opportunities.
Elumelu’s elevation to the board comes months after Heirs Energies acquired a 20.07 percent stake in Seplat through a $500 million transaction, making it the company’s largest shareholder.
The acquisition displaced Maurel & Prom, which had maintained
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