Seplat Ikoyi office sealed by court, firm kicks


OpeOluwani Akintayo

Lagos — Seplat corporate headquarters located at 16A Temple Road, Ikoyi, Lagos has been sealed.

According to findings, the indigenous oil and gas firm’s office was sealed on Wednesday in connection with a court case by Access Bank against Cardinal Drilling Services Limited, a third party providing drilling services to Seplat.

SweetcrudeReports gathered that Cardinal Drilling has outstanding loan obligations to Access Bank, however, was unable to meet up with payment deadline.

Seplat’s General Manager, External Affairs & Communications, Dr. Chioma Nwachuku confirmed the report in a reply to SweetcrudeReports, but was quick to explain that Seplat is neither a shareholder in Cardinal Drilling nor has any outstanding loan obligations or guarantees to Access Bank

According to her, the firm did not at any time make commitments or guarantees in respect of Cardinal Drilling’s loan obligations to Access Bank.

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“Seplat strongly believes that there is no merit or justification for this action against it and has taken prompt legal action to vacate the court order pursuant to which the building was sealed. This action was taken by Access Bank without any prior notice to Seplat, as required under Nigerian law”.

“Seplat will vigorously defend against this improper action to the full extent of the law and will seek all appropriate legal remedies”, she said.

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