SEC grants Oando Plc approval for planned AGM


The Securities and Exchange Commission (SEC) has given approval to Oando Plc to conduct its Annual General Meeting hitherto slated for September 11, 2017, The Punch reports.

This came after the Special Task Team constituted by SEC to review petitions filed by Alhaji Dahiru Bara’u Mangal and Ansbury Inc against Oando, submitted an interim report, which cleared the oil major of the allegations.

This was contained in a letter to the Group Chief Executive of Oando, Mr. Wale Tinubu dated August 31, 2017. In its interim report, SEC confirmed that it was unable to identify any material findings that would warrant the postponement of the company’s 40th AGM.