Billionaire businessman Tony Elumelu don buy six million more shares inside Seplat Energy Plc for £53.2 million, one move wey carry him combined stake for the oil and gas company go 21.07 percent as e dey prepare to take over as chairman.
According to one notification wey dem file with the Nigerian Exchange Limited on Wednesday, na Heirs Energies Limited, one company wey Elumelu control, buy the shares. The notice talk say he buy the shares at £8.87 each, and the transaction happen for London on September 30, 2026.
After the purchase, Heirs Energies direct holding inside Seplat climb to 27,943,867 shares. The filing talk say Heirs Energies and Heirs Holdings Limited, both companies wey Elumelu control, now hold 126.4 million shares together, wey be 21.07 percent voting interest based on the company 599,944,561 issued shares.
The new purchase no be him first big move. For December 2025, Heirs Energies and Heirs Holdings buy 120.4 million shares from Maurel & Prom. Billionaires Africa report say the two companies pay 305 pence per share for that earlier deal, wey worth $496 million, and the fresh price na nearly three times wetin Heirs pay for the original holding.
Billionaires Africa also calculate say Elumelu combined Seplat stake worth about 2.02 trillion naira, or $1.52 billion, at the stock September 30 closing price of 16,000.10 naira for the Nigerian Exchange.
The share buying dey happen just before one bigger change for the company board. Seplat announce for June say him current chairman, Udoma Udo Udoma, go retire on December 31, 2026, and dem don elect Elumelu to take over from January 1, 2027. Elumelu join the Seplat board as non-executive director for January 2026.
News outlets don dey follow the moves. The Africa Report publish one piece on October 23, 2026, about Elumelu $802m Seplat windfall and him bigger bet on Nigeria.
No be only oil and gas dey worry am. Punch Newspapers report on October 26, 2026, say Elumelu gift Zlatan wedding presents. THISDAYLIVE also publish one article on October 24, 2026, about Elumelu and the push for West Africa integration.
