SEPLAT To Challenge Sealing  Of Head Office  Building In Court.   

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SEPLAT Petroleum Development Company says it will vigorously defend against the improper action of 3rd 2nd December 2020, wherin the building in which SEPLAT Corporate Headquarters is located, at 16A Temple Road, Ikoyi, Lagos, was sealed in connection with a court case by Access Bank against Cardinal Drilling Services Limited (“Cardinal Drilling”), a third party providing drilling services to SEPLAT.

A statement from  Dr.Chioma Nwachuku – GM, External Affairs & Communications, Seplat Petroleum Development Company Plc/ read ” We understand that Cardinal Drilling has outstanding loan obligations to Access Bank. However, SEPLAT is neither a shareholder in Cardinal Drilling, nor has outstanding loan obligations or guarantees to Access Bank and did not at any time make any commitments or guarantees in respect of Cardinal Drilling’s loan obligations to Access Bank. 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.”

The action, the statement further adds was taken by Access Bank without any prior notice to SEPLAT, as required under Nigerian law.

To this end SEPLAT has vowed to vigorously defend against the improper sealing of its head office premises located at 16A Temple Road, Ikoyi, Lagos to the full extent of the law as well as seek all appropriate legal remedies.0