Seplat Petroleum Appoints Onwuka as Chief Financial Officer

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Goddy Egene

The Board of Directors of Seplat Petroleum Development Company Plc has appointed Mr. Emeka Onwuka as chief financial officer (CFO) and executive director of the company with effect from August 1, 2020.

According the company, Onwuka has over 30 years’ experience in financial services within sub-Saharan Africa. He has acted as the voice and face of major financial institutions in Nigeria as former Group Managing Director /CEO of Diamond Bank Plc and former Chairman of Enterprise Bank Limited.

Onwuka is a Partner at Andersen Tax Nigeria and holds various board positions as Chairman; FMDQ Securities Exchange Limited; Director FMDQ Holdings Limited; Director, Ecobank Nigeria Limited; and Director, Bharti Airtel Nigeria.

Onwuka received his B.SC. in Political Science from the University of Nigeria, Nsukka and holds an MBA from the University of Benin. He is a Chartered Accountant, a Fellow of the Institute of Chartered Accountants of Nigeria, a Fellow of Chartered Institute of Taxation of Nigeria. He has attended executive programs at the Lagos Business School, Wharton Business School and Harvard Business School.

The board of Seplat is confident that the wealth of knowledge and experience he brings will be a great addition to the company. It is expected that the appointment of Onwuka would further strengthen the company’s board and boost its performance going forward.

The company said it would continue to contribute to cleaner energy from its gas supply, noting that the contribution of gas to its revenue is increasing year-on-year.

“We expect to see this continue to increase as the volatility in global oil price persists. We are going to leverage on all of these stated factors and make sure that we would not only survive this trying period, but will remain positive in performance indicators,” the company said.