Tony Elumelu, incoming chairman of Seplat Energy, is set to receive approximately $14.45 million in dividend payments on August 28, 2026. This latest payout, comprising interim and special dividends, brings his total dividend earnings from the energy company to about $35.3 million for the year. The income stems from his 20.07 percent stake, acquired through Heirs Energies in late 2025, which has seen significant capital appreciation alongside recurring cash returns. Seplat Energy recently reported strong half-year 2026 results, with net income surging 498 percent to $164 million.