Jobs/Appointments
Seplat CEO Roger Brown Emoluments Rise to N3.909bn
By Adedapo Adesanya
It was a good year for Seplat Energy in 2204, with the company making a series of transformative moves that significantly altered its scale and positioning in Nigeria’s oil and gas sector.
While the most notable development was the completion of its delayed $1.28 billion acquisition of ExxonMobil’s Nigerian shallow-water business, Mobil Producing Nigeria Unlimited (MPNU), its directors and workers also saw increases in their paychecks.
Its highest paid director and chief executive, Mr Roger Brown, received total emoluments of N3.909 billion, 135.8 per cent higher than the N1.658 billion he received in 2023.
Chairman of the company, Mr Udoma Udo Udoma, received total emoluments of N1.992 billion in 2024, 250.1 per cent higher than N569 million he got a year earlier.
Seplat also noted that its executive directors, Mr Samson Ezugworie and Mrs Eleanor Adaralegbe, who are its chief operating officer and chief financial officer, respectively, received total emoluments of N4.133 billion in 2024 versus N1.493 billion in 2023.
Also, its non-executive directors received N4.896 billion for their services in 2024 against N1.707 billion in 2023. These include Mr Bello Rabiu, Madame Nathalie Delapalme, Mr Olivier Cleret De Langavant, Dr Emma FitzGerald, Mr Ernest Ebi, Mrs Bashirat Odunewu, Mr Kazeem Raimi, Ms Koosum Kalyan, Mr Christopher Okeke, and Mr Babs Omotowa.
This is part of the wider workforce of 1,446 employees which received N71.718 billion as salaries and wages in 2024 compared with the N48.468 billion paid to the staff in its 2023 fiscal year, indicating a 47.97 per cent rise.
It is important to note that the amount paid as salaries and wages by Seplat to its staff members in 2024 does not include other emoluments, allowances, and pension contributions.
This was on the back of a significant improvement in its performance in the 2024 fiscal year, following the successful acquisition of the producing assets of MPNU.
Specifically, the company’s profit before tax rose by 98.4 per cent to $379.4 million (N561.4 billion) in 2024, compared with $191.2 million (N125.5 billion) in 2023, while its profit after tax grew by 16.9 per cent to $144.8million (N214.3 billion) in 2024, from $123.9 million (N81.4 billion) in 2023.
The increase in the salaries and wages of its staff in 2024 was largely as a result of a sharp rise in its workforce, from 588 staff in 2023 to 1,446 staff in 2024, representing a 146 per cent increase in its staff strength.
It is important to note that the acquisition was concluded in December 2024, meant that the increase in its workforce came about at that time. This also means that the new staff members from Mobil only received one month’s pay as Seplat’s staff in 2024.
Specifically, the sharp increase in its workforce, according to its 2024 annual reports and accounts, stemmed from its acquisition of the assets of MPNU in 2024, which saw 863 staff of Mobil joining its existing workforce.
Another factor which contributed to the rise in salaries and wages in 2024 was the declining value of the Naira against the Dollar, which was the currency in which the company denominated the emoluments.
Giving a breakdown of its workforce, Seplat Energy disclosed that in 2024, it has 47 junior staff, 1,022 senior staff, 332 managers and 45 senior management staff compared with 39 junior staff, 343 senior staff, 165 senior staff and 41 senior management staff in 2023.
To this end, the N71.718 billion salaries and wages received by the 1,446 staff, translated to an average salary of N49.6 million for each staff per annum, which is also an equivalent of N4.133 million per month, for each staff.
In comparison, the average yearly staff salaries and wages for its 588 staff in 2023 was N82.43 million per individual, while the average monthly salary was N6.87 million per staff.
In particular, the indigenous oil firm reported that in 2024, only a total of 395 staff earned below N118.37 million each, an equivalent of N9.833 million per month; while 425 staff members earned between N118.37 million and N295.936 million, translating to between (N9.833 million and N24.66 million monthly).
Also, staff members whose annual salaries and wages were within the range of N295.936 million and N443.904 (between N24.66 million and N36.992 million monthly) stood at 450, while 176 employees received above N443.904 billion as salaries and wages.
By Adedapo Adesanya
President Bola Tinubu has approved the appointment of Mr Shu’aibu Shehu Aliyu as the Executive Secretary of the Petroleum Technology Development Fund (PTDF).
Mr Aliyu, a professor, is to replace Mr Ahmed Galadima Aminu, who recently resigned to participate in the 2027 governorship election in Adamawa State.
In a statement by a spokesperson to the President, Mr Bayo Onanuga, on Thursday, it was disclosed that the appointment of Mr Sule Ahmed Abdulaziz as the chief executive of the Transmission Company of Nigeria (TCN) has been renewed for a second and final term.
These appointments are said to take effect immediately.
Professor Aliyu, the new PTDF helmsman, is a distinguished academic and seasoned administrator with extensive experience in research, education, and institutional leadership. His appointment underscores the President’s commitment to strengthening key institutions in the petroleum sector and advancing capacity development for Nigeria’s energy industry.
“The President expects him to leverage his wealth of experience to reposition the PTDF for greater impact in human capital development, innovation, and strategic support for the oil and gas sector in line with national priorities.
“President Tinubu renewed Engineer Abdulaziz’s appointment following a comprehensive assessment of his performance and leadership of the nation’s transmission network.
“Under his stewardship, TCN has recorded notable improvements in grid stability, transmission capacity expansion, and system modernisation, reinforcing its critical role in Nigeria’s electricity value chain.
“Engr. Abdulaziz brings over three decades of experience in the power sector and has also strengthened regional electricity integration through his leadership in the West African Power Pool (WAPP).
“President Tinubu urges both appointees to discharge their responsibilities with diligence, integrity, and a strong sense of national service,” the statement said.
By Adedapo Adesanya
The Nigerian National Petroleum Company (NNPC) Limited saw its workforce rise by 12.2 per cent to 6,247 at the end of 2025 from 5,566 in the corresponding period of 2024, according to its latest employee data.
The state oil firm stated that its employees increased by 14.3 per cent from 5,495 recorded at the end of the first quarter of 2025 to 6,280 at the end of the second quarter of 2025.
Its staff strength, however, dropped by 0.11 per cent to 6,273 workers in the third quarter of 2025 and further shrank by 0.41 per cent to 6,247 in the last quarter of the year under review.
Giving a breakdown of its workforce in terms of gender, the NNPC disclosed that at the end of the fourth quarter, 5,044 employees, representing 80.7 per cent of its workforce, were males, while 1,203 employees, representing 19.3 per cent of its total workforce, were females.
Further breakdown revealed that Junior Staff 2 (JS 2) and Junior Staff 1 (JS1) cadres had one staff member and 175 staff members, respectively, at the end of the fourth quarter of 2025, as against one staff and 187 staff members, respectively, recorded in the third quarter of 2025.
In addition, the Senior Staff Seven (SS7) cadre had 31 employees, remaining the same as in the previous quarter, while the SS6 cadre dropped to 1,010 staff, from 1,012 staff recorded at the end of the third quarter of 2025.
The SS5, SS4, SS3, SS2 and SS1 staff cadre recorded 1,076 staff, 164 staff, 389 staff, 471 staff and 1,829 staff, respectively, in the quarter under review, compared with 1,076 staff, 164 staff, 391 staff, 478 staff and 1,835 staff, respectively, recorded in the third quarter of 2025.
Management Six (M6) cadre had 695 staff in the second quarter of 2025, compared with 699 staff in the same category in the previous quarter, while M5, M4, M3, M2 and M1 cadres had 237 staff, 117 staff, 47 staff, seven staff and one staff respectively, compared with 243 staff, 116 staff, 44 staff, seven staff and one staff in the corresponding cadres in the third quarter of 2025.
Further analysis of the NNPC workforce across different cadres showed that JS2 and JS1 accounted for 0.02 per cent and 2.75 per cent of its total workforce, respectively, while SS7, SS6, SS5, SS4, SS3, SS2 and SS1 cadres accounted for 0.50 per cent, 16.17 per cent, 17.22 per cent, 2.63 per cent, 6.23 per cent, 7.54 per cent and 29.28 per cent of the state oil company’s total workforce, respectively.
In addition, NNPC’s M6, M5, M4, M3, M2 and M1 cadres accounted for 11.13 per cent, 3.79 per cent, 1.87 per cent, 0.75 per cent, 0.11 per cent and 0.02 per cent, respectively.
In general, the NNPC Limited noted that it had 173 employees in its junior staff category; 4,970 employees in its senior staff category, and 1,104 employees in its management category.
It also reported that in its middle management cadre, it has 932 employees, accounting for 14.92 per cent of its total workforce, while the top management cadre had 172 employees, accounting for 2.75 per cent of its total workforce.
By Adedapo Adesanya
President Bola Tinubu has appointed Mr Ibrahim Ida as Chairman of the Corporate Affairs Commission (CAC).
Mr Ida holds an MSc in Banking and Finance from the University of Ibadan (1983) and an LLB from the University of Abuja (2003). Before being elected to the Senate in 2017 to represent Katsina Central, he served as the Commissioner of Finance for Katsina State and as the Permanent Secretary of the Federal Civil Service.
His appointment comes as the CAC faces legislative scrutiny over its books. The commission is part of a group of agencies that the House of Representatives Public Accounts Committee (PAC) recommended zero allocation for the year 2026, for allegedly failing to account for public funds appropriated to them.
The committee, at an investigative hearing held in February, accused CAC and some other ministries, departments and agencies (MDAs) of shunning invitations to respond to audit queries contained in the Auditor-General for the Federation’s annual reports for 2020, 2021 and 2022.
It asked the National Assembly not to continue to appropriate public funds to institutions that disregard accountability mechanisms.
President Tinubu also nominated seven people to fill vacant commissioner positions at the National Population Commission (NPC) as Federal Commissioners to represent their respective states in the National Population Commission. The nominees are;
1. Kolawole Oladipupo Alabi – Ekiti State
2. Nasiru Mu’azu – Zamfara State
3. Usman Abubakar Tuggar – Bauchi State
4. Dr Isaka Alada Yahaya – Kwara State
5. Prof. Sadiq Isah Radda – Katsina State
6. Suleiman Umar – Jigawa State
7. Hon. Chiso Abdullahi Dattijo – Sokoto State
The appointments, which complement other Federal Commissioners already sworn in, are subject to confirmation by the National Assembly.
The President also appointed Mr Yusuf Mohammed of Kano State as Chairman of the Federal Polytechnic, Kaltungo, and confirmed the appointment of Mr Bala Mohammed Bello as his Special Adviser on Political Economy.
Mr Bello, from Kebbi State, holds a Bachelor’s Degree in Accounting and an MBA from Ahmadu Bello University, Zaria. Before this appointment, he was a Deputy Governor at the Central Bank of Nigeria (CBN). He also served as Executive Director (Corporate Services) at the Nigerian Export-Import Bank (NEXIM) from 2017 to 2022.
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