The Chartered Institute of Acquisment and Supply (CIPS) has presented the standard certificate of acquisition excellence for Sepat Energy PLC, the main Nigerian independent energy company.
The global executive director, Cips, Ben Farrell, made the presentation to reveal energy in the company's office in Ikoyi, Lagos.
Farrell led a CIP delegation to present the Seplat energy team led by the Director of Operations (COO), Samson Ezugworie; and the general manager, Supply Chain Management (SCM), Valentine Agwu.
The Sepat Energy application will be evaluated with the CIPS standards began in February 2023.
During the period, the evaluators approved by CIPS reviewed, among other criteria, the processes, the policies, the forms of work of the company, etc., against 98 elements and in 5 dimensions (categories) used to assess the operations of a supply chain management organization.
The Management of the Sepat Energy (SCM) supply chain celebrated the final evaluation with an Independent Advantage CIPS Acquisition Excellence program on Monday, January 21, 2025.
Consequently, on Wednesday, January 22, CIPS announced that Seplat Energy PLC has received the prize.
The CIPS global CEO observed that the prize has only issued some organizations that have proven to be aspiring, continuously obsessed with being better and raising the bar.
Farrell said: “We do not give these certificates, because they are a serious and significant recognition of that ambition. Therefore, it is designed for hard work and to be rigorous, because we want people to feel at the end of their commitment and the really competent team.
The director of Energy Sepat Operations, on behalf of the company and its leadership expressed a deep appreciation of the CIPs team for the transformative trip that the SCM Seplat had passed and gave them credit, particularly because of the thoroughness and vigor in the review process.
Ezugworie said: “For us, as Sepat energy management, we make a deliberate decision to follow this route, because the supply chain is the basis of our business. It is the channel of our expense and it is very important to obtain the channel of its expense on a very correct base, and perhaps with transparency that this whole process brings.”
He thanked the entire SCM team, led by Valentine Agwu, for making the company proud and challenged them even more on a continuous implementation trip to the Platinum category of the certificate, so that sustainability becomes the next level of challenge.
Previously, the GM SCM, Energy Seplat, had indicated that in 2021, Seplat energy was established in an agenda of transformation that was built around the process, people and systems only.
However, the company finally adopted a CIPS PEP model on which to build the transformation.
“It took us for two years of rigorous evaluation over 5 dimensions, including leadership and organization, processes and system, strategy and politics, performance management and people. I am proud to announce that we pass in flying colors, so we are here today,” said Agwu.
The SCM function of Seplat Energy PLC has suffered a rigorous evaluation by the UK CIPS and awarded to successfully fulfilled the required standard as established, to have solid and effective government processes for the guarantee of supply and compliance.
This outstanding feat is the result of the process, people and forms of work that were implemented over the years.
In a statement, Chioma AFE, director, Foreign Affairs and Social Performance said: “It is worth noting that, due to this award, Seplat Energy PLC has established another rhythm as the first in Nigeria to receive the standard prize of Excellence for CIPs acquisitions in Nigeria. The company is also the second oil and gas company in Africa to have received the prize.
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