StockMarketWire.com - Nigeria and London-listed Seplat Petroleum Development Company said it had been made aware of media reports indicating a Nigerian court had ruled against parties, including its chairman A. B. C. Orjiako.

The reports mentioned an issuance of an interim order by the Federal High Court, Abuja against Shebah Exploration & Production Company, Allene and A. B. C. Orjiako, the company said.

The order granted leave to the applicant, Asset Management Corporation of Nigeria, to foreclose on the assets of the defendants.

Seplat confirmed that it was not a party to the litigation.

'The company will continue to monitor the progress of this suit and would issue further communication on the matter as appropriate,' it added.


At 8:22am: [LON:SEPL] Seplat Petroleum Dev Company Plc share price was -1.75p at 102.5p



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