Nigerian billionaire businessman Tony Elumelu is set to receive another $14.45 million from Seplat Energy this week, taking his total dividend income from the energy company to about $35.3 million in 2026.
Elumelu, who is the incoming chairman of Seplat Energy and also chairs Heirs Holdings and Transcorp Group, is due to receive the payment on Friday, August 28, following the energy company’s declaration of a second-quarter interim and special dividend.
The latest payout will further strengthen the returns from his 20.07 percent stake in Seplat Energy, acquired through Heirs Energies in December 2025.
Seplat Energy declared an interim dividend of $0.05 per share and a special dividend of $0.07 per share for the second quarter of 2026, bringing the total payout to $0.12 per share and the company-wide distribution to approximately $72 million.
Based on his stake, Elumelu is expected to receive $14.45 million from the August 28 distribution, subject to applicable withholding tax.
