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It is often said that when two elephants fight, the grass suffers. This is proving to be the case between the Securities and Exchange Commission (SEC) and Oando PLC as concerned minority shareholders, who are the aggrieved party in the on-going issue, have seized every opportunity to vehemently air their grievances against the SEC, specifically faulting the recent actions of the regulatory body against Oando PLC.
Oando shareholder Olatunde Okelana warns SEC against abuse of power and not following due process at Okumo Oil annual general meeting.
The Pragmatic Shareholders Association of Nigeria has joined Oando PLC, its management team and Board of Directors, in calling the Securities and Exchange Commission (SEC) out for not availing the company with a fair hearing.
The Pramatic Shareholders Association of Nigeria (PSAN) has condemned the Securities and Exchange Commission's (SEC) suspension of the 42rd Annual General Meeting of Oando Plc which was scheduled to take place on Tuesday, June 11, 2019.
The Securities and Exchange Commission, SEC, has debunked all allegations insinuating lack of due and statutory processes in the investigation of Oando Plc.
OF supports the Nigerian Government in achieving the Sustainable Development Goal 4 (Basic Education) through its Adopt-A-School Initiative (AASI), aimed at holistic improvement of public primary schools. The condition, location and nature of school infrastructure has direct impact on access, quality of education, and also influences learning outcomes.
In the Oando versus the Securities and Exchange Commission (SEC) crisis it seems the SECs strategy is to use silent warfare and third parties to achieve one objective - the destruction of Oando PLC.
The Securities and Exchange Commission in a brazen show of high handedness and a total disregard for the Nigerian justice system which they are sworn to uphold, has disregarded the directives of the Federal High Court, Lagos to suspend the implementation of sanctions against Oando PLC.
Following what can now be termed the longest forensic audit in the history of the Nigerian Securities & Exchange Commission (SEC) they published far reaching pronouncements and sanctions against Oando PLC’s principals said to be the outcome of the investigation into the company’s business.
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.
The Oando and SEC saga just got more interesting. In their personal capacities, Oando PLC’s boss, Wale Tinubu and his Deputy, Omamofe Boyo, have obtained an injunction under presiding Judge C M A Olatoregun of Federal High Court (FHC), Lagos, restraining the SEC from implementing the sanctions contained in its 18 month long forensic audit report.
The Lagos Division of the Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer (GCEO) and Deputy Group Chief Executive Officer (DGCEO), respectively.
Oando Plc on Monday said that it had yet to receive any letter from the Securities and Exchange Commission (SEC) on the appointment of its interim management team.
The Federal High Court in Lagos has granted the Group Chief Executive, Oando, Wale Tinubu and his deputy, Omamofe Boyo, an injunction restraining the SEC from executing the sanctions in the letter to Oando dated the 31st of May, 2019.
Fireworks on the controversy over corporate governance issues in Oando Plc may begin today as the management of the company is set to contest the veracity of the sack of its directors by the Securities and Exchange Commission, SEC, last weekend.
The announcement by the Securities and Exchange Commission (SEC) on Sunday June 2, 2019, on the alleged appointment of Mr. Mutiu Olaniyi Adio Sunmonu, CON, to head an Interim Management Team at Oando may have been executed without recourse to due process.
Troops of 112 Task Force Battalion have destroyed Boko Haram camps along Kajeri village in Borno State.
Super Eagles will hold two training sessions behind closed doors today (Thursday) and tomorrow (Friday) as they intensify preparation ahead of their Saturday’s first Group B match against the Swallows of Burundi.
An Igando Customary Court in Lagos on Thursday dissolved an 11-year-old marriage between Jolomi and Osaryekeme Odometa, over threat to her life.
At least 1,000 members of the Civilian Joint Task Force (CJTF), a pro-government militia fighting the terror group Boko Haram in Nigeria’s northeast region, have been killed in six years.
Chairman of Nigeria Governors Forum (NGF) Kayode Fayemi of Ekiti State has said state executives will make their stand on state police known soon.
First City Monument Bank (FCMB) has reiterated its commitment to building capacity of Small and Medium Enterprises (SMEs).
The Emir of Gwandu and Chairman, Kebbi State Council of Chiefs, Alhaji Muhammadu Bashar, has launched a sickle cell awareness and sensitisation campaign in the state.
Enyimba International influential midfielder Austine Oladapo says he’s delighted to lift his trophy with Club after three years at the Club.
The Islamic State in West Africa Province (ISWAP) has claimed responsibility for the Wednesday’s attack on Nigerian soldiers of the 158 Battalion in Borno State, according to Reuters which cited a statement from the terror group.
The Court of Appeal Sokoto Division has fixed June 23 for hearing in a suit filed by Malam Sadiq Sule-Iko challenging the nomination of Sen. Bala Na’Allah as the All Progressives Congress (APC) Kebbi South Senatorial District candidate.