Browsing: SEC

Oando kicks at SEC suspension of its annual meeting

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OpeOluwani Akintayo Lagos — Oando Plc said it disagrees with the Security & Exchange Commission, SEC, following the suspension of its Annual General Meeting, AGM. The Meeting slated to hold on Tuesday was put on hold by SEC “until further notice” on Monday in an ex-parte Order of the Federal High Court, Ikoyi Lagos in

Oando says it will lose funds to SEC cancellation of AGM

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  Sam Ikeotuonye Lagos — Embattled energy company Oando says it will lose significant shareholder funds to the cancellation of its annual general meeting, AGM, by the Securities and Exchange Commission, SEC. SEC announced the suspension of the AGM scheduled for today, June 11, “till further notice”, saying it had notified the Federal High Court,

Nigeria’s SEC suspends Oando Plc’s annual general meeting

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OpeOluwani Akintayo Lagos — The Security & Exchange Commission, SEC, has suspended embattled Oando’s Annual General Meeting, AGM scheduled to hold on Tuesday, June 11. In a statement published on Monday, the Commission said the meeting has been suspended “till further notice”. According to the notice, SEC said it had notified the Federal High Court,

Oando crisis worsens as two directors resign

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OpeOluwani Akintayo Lagos — Two non-executive directors of Oando Plc have resigned their appointment with the embattled energy company. According to a notice to the Nigerian Stock Exchange, NSE on Friday, seen by SweetcrudeReports, the affected directors include; Chief Sena Anthony and Mr. Oghogho Akpata. The memo signed by the company’s Company Secretary, Ayotola Jagun, and