Oando AGM Suspended By SEC, Plans To Set Up Interim Board On.

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Market intelligence indicates that the Annual General Meeting (AGM) for Oando Plc earlier scheduled for August 2, 2017 (according to NSE website) but rescheduled by Oando Plc for Uyo, September 11, 2017 has been asked to be put on hold by the capital market regulator following developments in and around a petition/investigation of Oando transactions/trades.

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The developments around the investigation relate to 2015 transactions leading up to and after the special listing of Oando Plc shares.

 

Market sources are independently confirming that there is an imminent move to set up an interim board for Oando Plc.