The Chartered Institute of Procurement and Supply (CIPS) has awarded Seplat Energy Plc the Procurement Excellence Standard Certificate.
Ben Farrell, CIPS’s Global Chief Executive Officer, presented the certificate Monday at Seplat Energy’s office in Ikoyi, Lagos.
Farrell was joined by a CIPS delegation and received by Seplat Energy’s Chief Operating Officer, Samson Ezugworie, and GM of Supply Chain Management, Valentine Agwu.
Seplat Energy’s application for assessment against CIPS standards began in February 2023.
CIPS-approved assessors reviewed Seplat Energy’s policies, procedures, and operations against multiple professional criteria during the assessment.
The evaluation was based on 98 elements across five categories that benchmark supply chain management organisations.
A CIPS Advantage Procurement Excellence Programme Independent Verifier conducted the final assessment on Monday, Jan. 21.
Farrell said the award is given only to organisations committed to continuous improvement and excellence in procurement.
“These certificates are not handed out lightly. They are serious, meaningful recognition of ambition and high standards.
“It is rigorous and demands hard work. Success shows real capability and professionalism in supply chain operations,” said Farrell.
He congratulated the Seplat team for their dedication and strong performance throughout the process.
COO Samson Ezugworie, on behalf of Seplat Energy, thanked the CIPS team for their support and guidance during the process.
He praised the institute for the depth and diligence shown throughout the thorough review.
Ezugworie said Seplat Energy deliberately chose this path because the supply chain is critical to the company’s operations.
“We must build our spending channel on a strong, transparent foundation,” he added.
He commended the SCM team, led by Valentine Agwu, for representing the company excellently.
Ezugworie also encouraged the team to pursue the Platinum Category, focusing on sustainability and long-term improvement.
Agwu recalled that Seplat Energy launched a transformation agenda in 2021, initially focused on people, processes and systems.
Eventually, the company adopted the CIPS Procurement Excellence Programme Model to guide its progress.
“Our assessment spanned two years across five dimensions, including strategy, performance, and leadership.
“We passed with flying colours, which is why we’re celebrating today,” Agwu said.
CIPS UK has now certified Seplat Energy’s SCM function as meeting globally recognised procurement standards.
The certificate confirms Seplat’s robust governance, compliance, and supply assurance processes.