A Federal High Court sitting in Lagos, has granted the Group Chief Executive Officer of Oando Plc, Mr. Wale Tinubu and his deputy, Mr. Omamofe Boyo, leave to file a motion for a judicial review of the sanctions the Securities and Exchange Commission (SEC) imposed on them.
Capital market operators on Wednesday called for urgent intervention of the Federal Government in the conflict between the Securities and Exchange Commission (SEC) and Oando Plc.
It is no gain saying the fact that adopting and operating in accordance with high standards of corporate governance is essential for a company’s sustainable long-term growth, performance and value creation.
A Federal High Court sitting in Lagos on Monday restrained the Securities and Exchange Commission (SEC), from taking over the operations of Oando oil Plc. Also, the trial court in its injunction order barred SEC from appointing an interim management to run the affairs of Oando pending the determination of the motion on notice brought […]
Alleged Infractions: SEC Takes Over Oando Plc Operations
The long awaited results from the forensic audit into Oando PLC, was finally released on Friday, May 31, 2019 on the website of the Securities and Exchange Commission (SEC) indicating weighty infractions with attendant sanctions leveled against the Company.
The Securities and Exchange Commission, SEC, has concluded investigation of Oando Plc and directed among others the resignation of the affected Board members, and also barred the Group Chief Executive Officer (GCEO) and the Deputy Group Chief Executive Officer (DGCEO) of Oando Plc from being directors of public companies for a period of five (5) years.
Oando PLC has once again demonstrated its ability to deliver good results and create value for shareholders. The indigenous oil company on Friday, March 29, published its financial results for the full year ended, December 31, 2018.
In commemoration of the 2019 International Day of Women and Girls in Science themed ‘Investment in Women in Science for Inclusive Green Growth’, Oando Plc led by a
“Unless Africa uses modern technologies, our farmers output will remain low and we will remain dependent on others to feed us.” These were the words of Akinwunmi Adesina, the President of the African Development Bank, underscoring the importance and potential of the agricultural sector in sustaining the people and the African economy. His statement reinforces the fact […]