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Oando and SEC in legal deadlock: Oando appeals court ruling

On Thursday, February 25, 2021, in a ruling presided over by Justice Giwa Ogunbanjo at the Federal High Court, Abuja, the judge declined jurisdiction to hear suits brought by Oando PLC and its directors against the Securities and Exchange Commission (SEC). The judge stated that the Investment and Securities Tribunal (IST) would be the appropriate forum to hear the matter.

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Oando

SEC: Oando to appeal court judgment

By Obas Esiedesa Oando Plc, yesterday, said it would appeal Thursday judgment of a Federal High Court sitting in Abuja, which declined jurisdiction to hear three fundamental rights suits by the Group Managing Director of Oando Plc and its Deputy, against their sack from the company by the Securities and Exchange Commission, SEC. Justice Giwa
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Oando

Factions of Oando shareholders sue SEC

…Seek restraining order on sanction against company mgt. By Nkiruka Nnorom The Securities and Exchange Commission (SEC) has been slammed with another lawsuit by displeased shareholders of Oando Plc seeking restraining order against SEC, its agents or representatives from acting on its May 31, 2019 letter sanctioning the management of Oando Plc. The order, filed
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Oando

Wale Tinubu proud of Oando Foundation at 10

Ten years ago, Oando PLC is one of Africa’s leading energy solutions providers decided to invest in education with Oando Foundation with a mission to improve the environment and learning outcomes in Nigerian public schools. Today, the foundation has not only lived to its expectation, it has bridged the gap and transformed lives of the
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Reps to investigate abandoned projects in Nigeria

Reps summon NNPC, 3 others over alleged N13B debt, contracts scam

By Tordue Salem – Abuja The House of Representatives Committee on Petroleum Upstream has invited the Group Managing Director of Nigeria National Petroleum Corporation, NNPC, Mr. Mele Kyari, heads of Nigeria Agip Oil Company and OANDO over allegations of N13billion owed to Decoon Engineering Company and allegations of involvement in contracts’ fraud. The companies are
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