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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.
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.
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.
Oando Plc has demanded from the Securities and Exchange Commission the report of the forensic audit carried out by Deloitte & Touche for it to have a better understanding of the findings that culminated in the decisions taken by the commission.
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.
Some capital market operators on Saturday applauded the industrial court judgment on the reinstatement Malam Mounir Gwarzo as the Director-General of the Securities and Exchange Commission (SEC).
Nigeria’s Securities and Exchange Commission’s claims that the group chief executive officer of Oando Plc, Wale Tinubu, his deputy Omamofe Boyo and the oil firm were involved in dubious activities cannot be substantiated, an official of the oil company Oando said late on Friday.
The Nigeria Police Force (NPF) has insisted that Nigeria is one of the most beautiful places to live in inspite of the security challenges in the country.
The police on Thursday arraigned a businessman, Yohana Margif, 52, who allegedly defrauded Sen. Aphonsus Igbeke of N33 million, in a Kabusa Grade I Area Court, Abuja.
The Kogi State High Court, sitting in Koton-Karfe, has ruled that the executive and state legislature, jointly or unilaterally, cannot remove the Chief Judge of the state, Justice Nasir Ajanah, without recourse to the National Judicial Council (NJC).
A former National Publicity Secretary of the Peoples Democratic Party (PDP), Olisa Metuh, on Thursday told the Federal High Court in Abuja that the N400 million project fund in which he is standing trial was paid to him by former President Goodluck Jonathan and not the former National Security Adviser, Col. Sambo Dasuki (rtd).
The Nigeria Immigration Service (NIS), will start the issuance of 10-year validity e-passport at the Ikoyi passport office on June 25, 2019.
The People’s Democratic Party in Plateau State and it’s governorship candidate in 2019 general elections, Senator Jeremiah Useni governorship election has asked the tribunal to declare Governor Simon Lalong ineligible to contest the 2019 governorship election in the state.
Two pilots were killed in Vietnam Friday after their military plane crashed during a training session, an official told AFP.
The First Lady of Katsina State, Dr. Hadiza Bello Masari, yesterday raised the alarm over the rising cases of drug abuse among youths and married women in Nigeria, calling for the declaration of state of emergency on the menace.
The spokesman of the Nigeria Police Force (NPF), Deputy Commissioner of Police (DCP) Frank Mba, has said Nigeria is safe and beautiful.
Benin police killed two protesters Saturday while trying to break up a demonstration by people who have erected barricades and blockaded the national road since Tuesday, the city’s mayor told AFP.