Tag: Oando

The management of Oando Plc has resolved to challenge the Securities and Exchange Commission (SEC) on the outcome of its forensic audit.  The company is of the view that the alleged infractions and penalties are unsubstantiated, ultra vires, inv...

Between April 9th and 11th 2018, the Nigerian Stock Exchange (NSE) received two letters from the Securities and Exchange Commission (SEC).   The first letter dated April 9, 2018 directed NSE to lift the suspension placed on the shares of...

Shareholders of  Oando Plc, on Tuesday, appealed to President Muhammadu Buhari and the National Assembly to intervene in the crisis rocking the company.      Under the aegis of Proactive Shareholders Association of Nigeria (PROSAN), Trusted Shareholders A...

As Nigerians and the international community await the outcome of the proposed forensic audit on Oando Plc, more shareholders have advised the emir of Kano, Muhammadu Sanusi, to desist from interfering in ongoing efforts to unravel the root causes of...

The reported intervention of the Emir of Kano, Muhammadu Sanusi in the face-off between Oando Plc and one of its aggrieved shareholders cannot stop a forensic audit planned by the Securities and Exchange Commission (SEC), the Oando Shareholders Solidarity Gro...

Shareholders under the aegis of the Oando Shareholders Solidarity Group (OSSG) have faulted recent claims by the management of the company that it dragged the Securities and Exchange Commission (SEC) to court to protect shareholders’ interest.    In a stat...

South-South Coordinator of the Oando Shareholders Solidarity Group (OSSG), Mr Clement Ebitimi, has called on President Muhammadu Buhari to sack the Minister of Finance, Kemi Adeosun, for allegedly meddling in the forensic audit of Oando Plc.  Some newspapers ...

Shareholders of Oando Plc have advised the current management of the company under the leadership of Mr Wale Tinubu to step down in the interest of all stakeholders.    A Federal High Court sitting in Lagos had last week dismissed...

The crisis rocking Oando Plc assumed another dimension on Wednesday as a group of shareholders called on the embattled company’s management team led by its Group Chief Executive, Wale Tinubu to resign.  President of the Trusted Shareholders’ Association...

The proposed forensic audit of Oando Plc should commence without any further delay, shareholders of the company declared on Sunday in Lagos.  According to the shareholders, the investigation should be detailed and “without any fear or favour”.  Under t...

To boost Ondo State’s economy, the State Governor, Rotimi Akeredolu has announced plans to revive moribund OK LNG, a state government-owned firm.   This was the high point of a meeting held in the office of the Chief of Staff to...

Shareholders of Oando Plc on Thursday commended the resolve of Securities and Exchange Commission (SEC) to investigate allegation leveled against management of the company.   Meanwhile, the Johannesburg Stock Exchange (JSE) on Thursday suspended trading in th...

As part of its Corporate Social Responsibility (CSR), the Nigerian Stock Exchange (NSE) has donated a school to the Borno State Government.   The school, Maisandari Alamderi Model Nursery and Primary School, located in the Abuja Talakawa District of Maiduguri...