SEC stops Oando AGM

SEC suspends oando's AGM

The Securities & Exchange Commission (SEC) has suspended the 2019 annual general meeting of oando plc earlier scheduled to told Tuesday, June 11th, 2019.

In a statement on Monday morning, SEC said notified 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 scheduled to hold 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 the public on the outcome of the ongoing litigation.”