Connect with us

Energy

Seplat Energy Appoint Three Directors To The Board

Published

on

Seplat Energy grows 2021 full-year gross profit by 128.9% to N114.2bn

Olushola Okunlade Writes

The Board of Directors of Seplat Energy Plc today announces the appointment of Mrs. Bashirat Odunewu as an Independent Non-Executive Director of the Company, Mr. Kazeem Raimi as a Non-Executive Director, and Mr. Ernest Ebi as a Non-Executive Director.

The three appointees will be joining the Seplat Board with effect from 18th May 2022.  

Mrs. Bashirat Odunewu (Independent Non-Executive Director) is a Banking and financial expert with about 30 years of experience in the Finance and Banking Industry. Up till June 2021, she served as C-Suite executive, corporate banking (Energy, Natural Resources & Infrastructure), at First Bank Nigeria Ltd, prior to which she was the line executive for their international banking group where she supervised CEOs of the subsidiaries of First Bank in 6 African countries as well as the Bank’s representative office in China and served as a board member for several of them. She is a business development veteran, well versed in business strategy with over 10 years of hands-on experience at the C-suite Executive Management level, an alumnus of Imperial College (University of London) and the University of Manchester. Bashirat is a Chartered accountant (FCA) and a certified member of the Chartered Institute of Arbitrators-UK (MCIArb). She is also a member of various reputable professional associations including the Chartered Institute of Bankers Nigeria (CIBN) and the Institute of Directors (IoD). Bashirat currently serves as an INED on the board of Leadway Holdings and Non-Executive Director (NED) on the Boards of some African Subsidiary Banks of First Bank Nigeria.    

She is an Independent NED on the Board of Neimeth International Pharmaceuticals Plc (an NGX quoted company) and is also a member of the Board of Directors for the Franco-Nigeria Chamber of Commerce and Industry where she serves as the Treasurer.  

Mrs. Odunewu has experience spanning audit/accounting, corporate & commercial banking, Investment banking, and treasury in various financial institutions. She has specialized in Oil and Gas financing projects and led notable successful syndications for acquisitions and development. She has been the recipient of several Merit Awards in the organizations she has worked in recognition of her stellar performance. Mrs. Odunewu is passionate about supporting younger ones in fulfilling their aspirations and is a mentor/sponsor to many in this regard.

Mr. Kazeem Raimi (Non-Executive Director) is a nominee of Platform Petroleum Limited replacing Mr. Austin Avuru who stepped down from the Board of Seplat Energy on 1st March 2022. Mr. Raimi is presently the Executive Director, Commercial for Platform Petroleum Limited. Previously with Seplat Energy as General Manager, Commercial, Mr. Raimi was charged with the responsibility for driving commercial, economics, valuation, planning, and treasury activities across the entire organization. He also served previously as Manager, Corporate Planning and Economics at Seplat Energy.

Mr. Raimi has extensive experience in project economics and risk analysis has been Lead Petroleum Economics and Commercial Advisor at  Addax Petroleum Nigeria where he also served in different capacities. Prior to this, Mr. Raimi served as Treasury Manager at Cadbury Nigeria Plc and Finance Analyst at Citibank Nigeria Limited. He had significant involvement in commercial and economic evaluations of new ventures, farm-in, and company acquisition opportunities with a thorough appreciation of tax, fiscal issues, and project economics especially as they relate to Nigeria, Gabon, Iraq, and Cameroon. In addition to his role at Platform Petroleum Limited, Mr. Raimi also serves as a Non – Executive Director at PNG Gas Limited and Ase River Transport Company Limited.

Mr. Raimi holds a First-Class Honors in Economics from the University of Ibadan, an MSc in Oil and Gas Economics from the University of Dundee, and has undertaken several courses at Harvard Business School.

Mr. Ernest Ebi (Non-Executive Director) is a nominee of Shebah Petroleum Development Company Limited (BVI) replacing Dr. A.B.C Orjiako who will step down from the Board of Seplat Energy on 18th May 2022 after the Annual General Meeting. Mr. Ebi is an executive whose vast experience in the banking and finance industry spans over four (4) decades. From June 1999 to June 2009, he was appointed as a Deputy Governor at the Central Bank of Nigeria, Nigeria’s apex bank, where he covered policy and corporate services portfolios. Prior to this, Mr. Ebi held several executive positions in the banking industry in Nigeria and the United States of America. He was the Deputy Managing Director in Diamond Bank Ltd where he led the bank’s financial services marketing strategy & initiatives for new business development among others. In 1995, he was appointed by the Central Bank of Nigeria and the Nigeria Deposit Insurance Corporation as the Managing Director & CEO of New Nigerian Bank Plc. During his time at New Nigerian Bank Plc., he was responsible for the development and implementation of a credible turnaround plan for the bank and contributed significantly to the recovery of a huge portfolio of non-performing risk assets. Mr. Ebi has also held senior positions at the International Merchant Bank, as the Assistant General Manager (credit & marketing department) and Assistant. General Manager (Loan Review & Audit).

Mr. Ebi served as the Board Chairman of Fidelity Bank Plc (2016 – 2020) and AIICO Pension Managers (2010-2021) and currently serves as an Independent Director on the Board of Dangote Cement Plc., Julius Berger Nigeria Plc., Coronation Capital Ltd, and Coronation Asset Management Ltd.

Mr. Ebi is also a Fellow, Chartered Institute of Bankers, FCIB and Fellow, Institute of Directors Nigeria (F.IOD). Mr. Ebi has a very distinguished career within the Banking and financial services industry and has undertaken several leadership courses at Harvard Business School and Oxford Said Business School. He was awarded the National Honour of Member of the Order of the Federal Republic (MFR) by the Federal Government of Nigeria in 2007 in recognition of his meritorious service

Commenting on the appointments, Dr. A. B. C. Orjiako, Chairman of SEPLAT Energy said:

“The Board of SEPLAT Energy is pleased to welcome Mrs. Bashirat Odunewu, Mr. Kazeem Raimi, and Mr. Ernest Ebi. They are excellent professionals with a wealth of experience spanning over decades. SEPLAT Energy eagerly looks forward to the enormous contributions they will make towards achieving global success.”

Energy

The Nigeria Prize For Science 2022: NLNG Encourages Science Students, Awards Three Tier Scholarship Schemes

Published

on

(L-R) Ms. Funke Opeke, 2022 The Nigeria Prize for Science (NPS) Judge; Prof. Christian Agbo, Chairman, Panel of Judges; Prof. Barth Nnaji, Chairman, Advisory Board, NPS; Mr. Andy Odeh, NLNG’s GM, External Relations & Sustainable Development; Prof. Mohammed Magaji, NPS Judge; and Mrs. Anne-Marie Palmer-Ikuku, Ag. Mgr Corporate Communications & Public Affairs during the announcement of winners for the 2022 edition of the prize…on 14th Sep 2022 in Lagos.

Theme: “Innovations in Sustainable Food Security”

…Records a high number of low-quality entries that do not meet the requisite criteria to merit the award

Olushola Okunlade Writes

NLNG has been solving national problems by encouraging science students through awarding three tiers of the scholarship scheme which are the Primary Scholarship Scheme, Undergraduate Scholarship Scheme, and Post-Graduate Scholarship Scheme.

NLNG has been consistent since 2004 and continued sponsorship of the prize in the face of Nigeria’s challenging economic and social landscape.

Interestingly, 99% Post-Graduate overseas scholarship schemes that have received support are from science

The Nigeria Prize For Science 2022 cycle has been very intense with 107 entries recorded, the Panel of Judges has evaluated all the entries received and submitted their report to the Advisory Board.

General Manager, External Relations, NLNG, Mr. Andy Odeh in his statement at the press conference on Wednesday reiterated that the dedicated website for the 3 Prizes; The Nigeria Prize for Literature, the Nigeria Prize for Literary Criticism, and the Nigeria Prize for Science remains and is the ONLY platform through which information about the Prizes, process, governance, winning works, and winners will be made readily available to members of the public. 

Funke Opeke at the press conference on Wednesday said “We want more young women in science and technology, these careers are accessible to young women to pursue. I am certainly looking forward to the day seeing women scientists winners and I hope NLNG will invite me to witness the prize giving. That is the challenge to all our young female scientists, you need to participate and make yourself aware.

In February 2022, the Advisory Board of The Nigeria Prize for Science announced the call for entries for the annual prize, centred on the theme “Innovations in Sustainable Food Security”. By the deadline set for submission, the board had received One Hundred and Seven (107) entries – the highest number since the inception of the award.

The theme “Innovations in Sustainable Food Security” is significant because attaining food security is a key component of our national agenda. At the global level, Goal 2 of the Sustainable Development Goals (SDGs) seeks sustainable solutions to end hunger in all its forms by 2030 and to achieve food security. This entails improving the productivity and incomes of small-scale farmers by promoting equal access to land, technology, and markets, resilient agricultural practices, and sustainable food production systems.

A Panel of Judges was appointed to assess entries submitted for the Prize. The appointed judges are seasoned academics and innovators who have wide experience, peer recognition, good public image and command respect nationally and internationally. The choice of the judges reflects a multi-disciplinary approach relevant to the theme in focus. The entries for the 2022 prize were handed over to the Panel of Judges for independent evaluation. Each member of the Panel evaluated the entries individually and submitted them to the Prize Secretariat. Thereafter, the Panel convened, discussed, and harmonised the submissions.

The panel was conscious that innovation must be the underlying reason for qualification. To guide the adjudication process, the judges applied Assessment Criteria approved by the Advisory Board as follows:

  • Be patented
  • Have an academic track record
  • Be of high quality
  • Demonstrate evidence of originality/uniqueness
  • Have significant recognition/awards
  • Be sound
  • Have wide impact
  • Be free of ethical issues
  • Be reproducible and attractive to stakeholders

Prof. Barth Nnaji, Chairman, Advisory Board – The Nigeria Prize for Science 2022, yesterday at the press conference, in Lagos, announced the two most outstanding works after diligent consideration and objective application of the guidelines and criteria, the judges recommended two (2) most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivers under Drought and Well-Watered Conditions” by Muhyideen Oyekunle and Shehu Ado; and “Development of Process Plant for Plantain Flour” by Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola, as winners of the $100,000 prize money.

Muhyideen Oyekunle and Shehu Ado’s work on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivers under Drought and Well-Watered Conditions” provides us with a unique opportunity. The maize seeds they selected through a breeding program have been tested to be high-yielding and water-stress tolerant. The hybrids they selected record yields of 1.73-2.51 t/ha in stress areas and 5-6 t/ha in areas with good rainfall distribution in farmers’ fields against an average yield of 2 t/ha available maize varieties in Nigeria in the last five years.

Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola’s work on “Development of Process Plant for Plantain Flour” is an important innovation for reducing spoilage of farm products and packaging for distribution as well as a value addition for farm products. It is resourceful in scaling up from batch production to industrial-scale continuous flour production relevant beyond plantain to other food items.

Following the Judge’s recommendation and the ratification by the Advisory board, the recommended entries are hereby declared as the Nigeria Prize for Science 2022 Winners.

The Advisory Board in their statement said “Whilst we are excited about having a prize winner for 2022 as against 2020/2021, it is expedient we highlight the high number of low-quality entries that do not meet the requisite criteria to merit the award. This is disturbing considering the importance of the focus on our nation and indeed our world.”

The Advisory Board is optimistic that the award of this prize annually will continue to reinvigorate the passion of both budding and more established scientists and innovators in finding solutions to our everyday issues. We commend the Panel of judges for the diligence, which was apparent in the delivery of this assignment. We are particularly pleased that in evaluating the entries, they upheld the objectives of the Prize as it seeks to identify and promote excellence in utilizing scientific knowledge for the achievement of desired solutions. I also acknowledge and commend my colleagues on the Advisory Board for their invaluable contributions throughout the process.

Advisory Board applauds the Board and Management of Nigeria LNG for instituting and sustaining the biggest Science Prize in Africa. We hope that other corporate organisations will emulate them as they continue to demonstrate their passion for helping to build a better Nigeria and ultimately Africa.

Continue Reading

Energy

Two Scientific Works Win The Nigeria Prize For Science, 2022

Published

on

(L-R) Ms. Funke Opeke, 2022 The Nigeria Prize for Science (NPS) Judge; Prof. Christian Agbo, Chairman, Panel of Judges; Prof. Barth Nnaji, Chairman, Advisory Board, NPS; Mr. Andy Odeh, NLNG’s GM, External Relations & Sustainable Development; Prof. Mohammed Magaji, NPS Judge; and Mrs. Anne-Marie Palmer-Ikuku, Ag. Mgr Corporate Communications & Public Affairs during the announcement of winners for the 2022 edition of the prize…on 14th Sep 2022 in Lagos.

Olushola Okunlade Writes

The 2022 edition of  The Nigeria Prize for Science today, announced the two most outstanding works on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars under Drought and Well-Watered Conditions” by Muhydideen Oyekunle and Shehu Ado; and “Development of Process Plant for Plantain Flour” by Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola, as winners of the $100,000 prize money.

The Prize’s Advisory Board, led by Professor Barth Nnaji, announced the judges’ verdict based on the 2022 theme “Innovations in Sustainable Food Security” at a press conference in Lagos. This is coming after the 2021 cycle, which was based on the same theme, ended without a winner.

In his remarks on the verdict, Mr. Andy Odeh, NLNG’s General Manager, External Relations and Sustainable Development, said the Science Prize is growing in strength as the 2022 verdict depicts. He stated that the Advisory Board and NLNG are working behind the scenes to review the prize for a bigger impact and inclusiveness for the good of society. He emphasized that science can provide solutions to most of the country’s challenges and urged relevant stakeholders and the public to continue to support NLNG through the Nigeria Prize for Science to make scientific breakthroughs the biggest enabler of development in Nigeria, adding that industry and public investors should consider the commercial value of the winning works.

 (L-R) Ms. Funke Opeke, 2022 The Nigeria Prize for Science (NPS) Judge; Prof. Christian Agbo, Chairman, Panel of Judges; Prof. Barth Nnaji, Chairman, Advisory Board, NPS; Mr. Andy Odeh, NLNG’s GM, External Relations & Sustainable Development; Prof. Mohammed Magaji, NPS Judge; and Mrs. Anne-Marie Palmer-Ikuku, Ag. Mgr Corporate Communications & Public Affairs during the announcement of winners for the 2022 edition of the prize…on 14th Sep 2022 in Lagos.
Left-Right: Ms. Funke Opeke, 2022 The Nigeria Prize for Science (NPS) Judge; Prof. Christian Agbo, Chairman, Panel of Judges; Prof. Barth Nnaji, Chairman, Advisory Board, NPS; Mr. Andy Odeh, NLNG’s GM, External Relations & Sustainable Development; Prof. Mohammed Magaji, NPS Judge; and Mrs. Anne-Marie Palmer-Ikuku, Ag. Mgr Corporate Communications & Public Affairs during the announcement of winners for the 2022 edition of the prize on Wednesday 14th September 2022 in Lagos.

While commending the winners for the big feat, Mr. Odeh called on all past winners of the prize to synergize and become a think-tank that can generate and sustain the flow of ideas, innovation, and scientific advice to the public and private sectors, adding that this will make scientific ideas and innovations beneficial to Nigerians, thereby helping to build a better Nigeria, in line with NLNG’s vision.  

He stated further that the winning works have the potential to significantly impact the country’s food security positively, guaranteeing a stable, efficient, and sufficient system of food production.

Referring to the judges’ report, Professor Nnaji said the work(s) addressed food security which is a key component of our national agenda. “At the global level, Goal 2 of the Sustainable Development Goals (SDGs) seeks sustainable solutions to end hunger in all its forms by 2030 and to achieve food security. This entails improving the productivity and incomes of small-scale farmers by promoting equal access to land, technology and markets, resilient agricultural practices, and sustainable food production systems”, he stated.

Professor Nnaji said the choice of the judges reflects a multi-disciplinary approach relevant to the theme in focus. He added that “the advisory board is particularly pleased that in evaluating the entries, the judges upheld the objectives of the prize which seeks to identify and promote excellence in utilizing scientific knowledge for the achievement of desired solutions”.

Muhyideen Oyekunle and Shehu Ado’s work on “Gains in Grain Yield of Released Maize (Zea Mays L.) Cultivars under Drought and Well-Watered Conditions” provides us with a unique opportunity. The maize seeds they selected courtesy of the breeding program have been tested to be high-yielding and water stress tolerant. The hybrids they selected record yields of 1.73-2.51 t/ha in stress areas and 5-6 t/ha in areas with good rainfall distribution in farmers’ fields.

Sesan Peter Ayodeji and Emmanuel Olatunji Olatomilola’s work on “Development of Process Plant for Plantain Flour” is important for reducing spoilage of farm products and packaging for distribution as well as a value addition for farm products. It is resourceful in scaling up from batch production to industrial-scale continuous flour production relevant beyond plantain to other food items.

Two Scientific Works Win The Nigeria Prize For Science, 2022

He commended the Board and Management of Nigeria LNG for instituting, sponsoring, and sustaining what is arguably the biggest Science Prize in Africa.

Winners of this year’s edition of the prize are Muhyideen Oyekunle, a Maize Breeder and Lecturer at the Institute for Agricultural Research (IAR), Ahmadu Bello University, Zaria, Nigeria, and his colleague Prof Shehu Garki Ado, an agricultural expert, eminent academic, and researcher of international repute. He is a professor of Genetics and Plant Breeding and is currently the vice-chancellor of Al-Qalam University Katsina.

Professor Sesan Peter Ayodeji is a professor of Machine & Process Design and Applied Ergonomics at the Federal University of Technology, Akure, and his colleague is Emmanuel Olatunji Olatomilola.

The decision on the winning entries was reached by a panel of judges, led by Professor Christian Ugwu Agbo. Professor Agbo is a professor in the Department of Agriculture at the University of Nigeria, Nsukka. Other members of the panel are Ms. Funke Opeke and Prof Mohammed Magaji. Ms. Opeke is an experienced telecommunications executive and the founder/CEO of MainOne while Professor Magaji is a professor of Agronomy at the Usmanu Danfodiyo University, Sokoto.

For the Advisory Board of the NigeriaPrize for Science, in addition to Professor Nnaji, are Chief Dr. Nike Akande, a two-time minister and former President of Lagos Chamber of Commerce and Industry; and Professor Yusuf Abubakar, a professor of Animal Breeding and Quantitative Genetics and the Coordinator of Agriculture Group, R & D Standing Committee, at the Tertiary Education Trust Fund.

Continue Reading

Energy

Shell Enters $1bn LNG Sales Agreement With ZIM

Published

on

Industry Regulator Applauds Shell For Investing In Nigerian Gas Infrastructure

Oil major, Shell has entered into a 10-year marine liquefied natural gas (LNG) sales and purchase agreement with an Israeli container shipping company ZIM, valued at more than $1 billion.

The LNG is intended for 10 LNG-fueled vessels that will be deployed on ZIM’s flagship ZIM Container Service Pacific (ZCP), on Asia to USEC trade.

These ten 15,000 TEU vessels are expected to enter into service during 2023-2024 and will be transporting goods from China and South Korea to US East Coast and the Caribbean. The vessels have been chartered by Seaspan Corporation. The charter agreement, announced in February last year is also valued in excess of one billion dollars.

The construction of the vessels has already been launched with South Korean shipbuilder Samsung Heavy Industries (SHI) completing the keel-laying for Sammy Ofer dual-fuel containership at its Geoje yard.

On the basis that LNG emits ~20 per cent less GHG emissions when compared to conventional marine fuels, using LNG on these 10 ships is equivalent to having two out of the 10 vessels in the fleet with zero emission, ZIM said in a statement.

“With the addition of significant LNG-powered capacity to our fleet, beginning in 2023, we have positioned ZIM as a leader in carbon intensity reduction among global liners.

“We are pleased to execute this long-term supply agreement with Shell to secure LNG at competitive terms and look forward to partnering with a global industry leader such as Shell as we take an important step to ensure our fuel sourcing is well planned and of the highest quality,” said Eli Glickman, ZIM President & CEO.

“We are delighted to collaborate with ZIM on their impressive efforts to reduce emissions in their maritime supply chain. Decarbonisation of the shipping industry must begin today, and LNG is a lower emission fuel choice currently available in meaningful volumes, and via liquefied biomethane and liquified e-methane, offers a credible pathway to net zero GHG emissions,” said Executive Vice President, Steve Hill,  Energy Marketing at Shell.

The agreement with Shell may also cover other trades where ZIM LNG vessels could be deployed, ZIM said.

Continue Reading

Trending