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By Chinwendu Obienyi
Following the Securities and Exchange Commission’s (SEC)’s investigation of Alhaji Dahiru Mangal and Ansbury Incorporated petitions over Oando’s 2016 Audited Financial Statements, the Commission has given the petroleum company approval to hold its Annual General Meeting (AGM) this week.
In a letter released on the Nigerian Stock Exchange’s (NSE)’s website, Chief Compliance Officer, Oando Plc, Ayotola Jagu, said the company has received approval letter from SEC to proceed with planned AGM.
The statement further said SEC’s response was in line with the company’s initial position that the request from SEC that Oando postpone its AGM, which is premised upon allegation and claims, lacked merit.
“Following the submission of an interim report by the Special Task Team constituted by SEC to review the petitions by Mangal and Ansbury Inc, the Commission is of the opinion that it is unable to identify any material findings that would warrant the postponement of the company’s 40th AGM scheduled to hold on september 11, 2017.
