Tony Elumelu appointed chairman of Seplat Energy board
via Lefaso.net2 min read
Seplat Energy's board of directors announced today that Tony Elumelu has been elected as the company's next chairman, succeeding Udoma Udo Udoma, the current board chairman, effective January 2027. The board also appointed Effiong Okon as Chief Executive Officer, effective August 1, 2026. These leadership changes were disclosed in a notice filed with Nigerian Exchange Limited NGX and signed by company secretary Edith Onwuchekwa. Elumelu is the founder and chairman of Heirs Holdings, a pan-African investment group with interests in energy, power, banking, insurance and financial services, technology, real estate, hospitality, and healthcare. He is also the originator of "Africapitalism," an economic philosophy advocating for Africa's potential through long-term investments in key sectors. Elumelu currently chairs Transcorp Group, Nigeria's largest listed conglomerate, which includes Transcorp Power and Transcorp Hotels Plc. He also chairs the pan-African financial services group United Bank for Africa UBA Group. Okon, the new Chief Executive Officer, brings over 35 years of international industry expertise, with a background in operational excellence and strategic implementation. He has been with Seplat since 2018, serving as Operations Director for four years and then as Director of New Energy. Most recently, he was the Managing Director of ANOH Gas Processing Company AGPC, where he led the project to first gas production in January 2026. Elumelu's experience in corporate gov
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