Elumelu reaps N680bn Seplat’s dividends five months after investment
ShareShareTweetPin0 SharesTony Elumelu’s strategic acquisition in Seplat Energy Plc has delivered a remarkable return, with the billionaire investor gaining about N680 billion in dividends and value appreciation, just five months after completing a $500 million stake purchase in the company. Elumelu, through his investment vehicle, emerged as Seplat’s largest shareholder following the acquisition, a move…