Online discussions have trailed the reported remuneration package of Seplat Energy after figures suggesting a combined N4.8 billion annual pay for top executives circulated on social media.
The controversy emerged following claims that Chief Executive Officer Roger Brown, Chief Financial Officer Eleanor Adaralegbe and Chief Operating Officer Samson Ezugworie received monthly earnings running into hundreds of millions of naira. The company’s overall executive compensation was reported to exceed N9.9 billion, a structure described as consistent with performance-based remuneration models in the oil and gas sector.
A post shared by X user @HabuSadeik first drew public attention to the figures, writing:
“CEO – N400m per month
CFO – N200m per month
COO – N200m per month.
Well done Seplat.”
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The claim triggered mixed reactions, particularly comparisons between the executives’ earnings and Nigeria’s minimum wage of N70,000.
Some social media users defended the pay structure, arguing that high compensation reflects years of professional development and industry expertise. User @Stazingar wrote, “None of these execs has less than 35 years in the game… Hard work pays.”
Others expressed surprise at the scale of the figures. @Morris_Monye commented, “There are jobs and there are jobs,” while KHAN’✨ (@khanofkhans11_) simply asked, “Did you say per month??”
Supporters of performance-linked pay also argued that executive remuneration often reflects market competition for highly skilled professionals with strong career records.
The conversation has continued across social media, highlighting public sensitivity toward income inequality amid ongoing debates about wages and executive earnings in Nigeria.