Categories: Economy

SEC Orders Suspension Of Oando’s AGM Till Further Notice

The Securities and Exchange Commission (SEC) has suspended till further notice the Annual General Meeting (AGM) of Oando Plc scheduled to hold Tuesday.

The Commission made this known on Monday in a statement duly signed by its management in Abuja.

According to the statement: “The Securities & Exchange Commission (‘the Commission’) hereby notifies the public that further to the Ex-parte Order of the Federal High Court, Ikoyi Lagos in SUIT NO: FHC/L/CS/910/19 IN MR. JUBRIL ADEWALE TINUBU & ANOR V SECURITIES & EXCHANGE COMMISSION & ANOR, the Annual General Meeting of Oando Plc (a company listed on the Nigerian and Johannesburg Stock Exchanges) scheduled to hold at the Zinnia Hall, Eko Hotels and Suites, Plot 1415, Adetokunbo Ademola Street, Victoria Island, Lagos on Tuesday, June 11, 2019 at 10: 00am has been suspended till further notice.

“Accordingly, the Commission has directed the suspension of the Annual General Meeting of Oando Plc to allow the parties maintain status quo.

“The Commission will update relevant stakeholders and the public on the outcome of the ongoing litigation.”

hvzclarence

Recent Posts

Village Head Arrested For Supplying Information To Bandits

The village head of Unguwan Tambai, Runka, in Safana Local Government Area of Katsina State,…

1 hour ago

Rivers Crisis: Why Arsonists Attack LG Secretariats – Wike

The Minister of the Federal Capital Territory (FCT), Nyesom Wike, has attributed the recent attacks…

10 hours ago

Adabanija: Over 10 People Arrested For Allegedly Criticising Oyetola

 Posts Capable Of Inciting People Against Minister – Loyalists Oyetola’s Aides Behind My Incarceration -…

13 hours ago

Mother Cries For Help As Vigilante Operatives Allegedly Torture, Rape 15-Year-Od  Daughter

..Alleges Police Of Foul Play The Mother of a 15-year-old girl, Helen Joseph, has called…

13 hours ago

Couple Remanded For Maltreating Minors

A couple, Abubakar Yuguda and Fatima Abubakar, were remanded on Tuesday by Chief Magistrate Musa…

14 hours ago

Kaduna Health Workers Begin Indefinite Strike

Health workers in Kaduna State, represented by three prominent professional organizations—the National Association of Nigerian…

14 hours ago

This website uses cookies.