Orjiako, a former director of the Lagos-based energy conglomerate, holds a 6.43-percent stake in Seplat Energy.
Bryant Orjiako
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Nigerian energy magnates Bryant Orjiako, Austin Avuru to pocket $2.15 million in Seplat dividends
Orjiako and Avuru own a 6.43-percent and 8.2-percent stake in Seplat Energy, respectively.
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Seplat Energy wants Nigerian energy mogul Bryant Orjiako to assist with critical tasks after retirement
Orjiako’s stake in Seplat Energy is valued at $118.5 million.
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Seplat Energy is an independent oil and gas group with active operations and oil assets in Nigeria’s Niger Delta area.
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Seplat Energy Plc is Nigeria’s largest energy group.
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Energy magnate Bryant Orjiako’s Seplat splashes $1.58 billion to acquire ExxonMobil’s Nigerian operations
Orjiako said the proposed purchase is a game changer for Seplat Energy.