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Pragmatic Shareholders Association

Infographic: Shareholders slams SEC over bias in its dealings with Oando

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.

UK’s CISI, CIS, NCMI sign MoU on capital market training

The Chartered Institute for Securities and Investment (CISI) of the United Kingdom has entered into agreements with Chartered Institute of Stockbrokers (CIS) and the Nigerian Capital Market Institute (NCMI) to strengthen professional training and qualification of Nigerian capital market operators.

Shareholders condemn SEC’s suspension of Oando annual general meeting

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.

Oando: SEC debunks allegations of lack of due process in investigation

The Securities and Exchange Commission, SEC, has debunked all allegations insinuating lack of due and statutory processes in the investigation of Oando Plc.

SEC’s abuse of power negatively impacts Oando’s employees, board of directors

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.

SEC disregard court order, armed personnel remain in Oando HQ

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.

Oando saga: Operators seek federal government intervention, laud SEC’s audit outcome

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.

NCC: Glo, 9Mobile set to list on Stock Exchange

With the enlisting of the leading mobile operator in the country on the Nigeria Stock Exchange, the Nigerian Communications Commission, NCC, says other operators including Bharti Airtel, Globacom and 9Mobile are getting set to do so.
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

Oando: Court restrains SEC from removing Wale Tinubu, Omamofe Boyo

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: We’re not aware of appointment of interim management team by SEC

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.

Police take over Oando head office in Lagos

Officers and men of the Nigeria Police have taken over the head office of Oando PLC in Victoria Island, Lagos.

Oando management set to challenge SEC over board dissolution

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.

Workers shut SEC over attempts to reinstate suspended chief

The battle for the headship of the Securities and Exchange Commission (SEC) got fiercer Monday morning as the Association of Senior Civil Servants of Nigeria, SEC Branch, locked up offices of the headquarters of the Commission over attempts by suspended DG Mounir Gwarzo to resume duties.

SEC’s appointment of Mutiu Sunmonu as Oando interim chief lacks due process

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.
The Economic and Financial Crimes Commission (EFCC) says an investigation is ongoing on the seized $2.8 million at Akanu Ibiam International Airport, Enugu.

SEC, EFCC deepen collaboration on anti-graft war

Fraudsters and other criminals in the capital market have been advised to quit their unwholesome trade as the Securities and Exchange Commission (SEC) and the Economic and Financial Crimes Commission (EFCC) have joined forces to tackle them headlong.

Oando demands forensic audit report, rules out directors’ resignation

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.

Oando forensic audit report: Why isn’t SEC following due process?

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.

Operators applaud judgment on Mounir Gwarzo reinstatement, task federal government

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).

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