SEC Investigation: Oando Clarifies Report

Oando Plc has clarified the reports stating that the organisation is under investigation by Security Exchange Commission SEC)

Investigation by SEC regarding shareholding structure following $1.65 billion cash oando paid to acquire oil production assets of Conoco-Phillips in Nigeria

Oando says SEC is in receipt of correspondence containing unsubstantiated, misleading and defamatory claims with respect to matters already received approval

It also stated that the organisation is fully co-operating with SEC in discharge of its duties by providing all appropriate clarifications and rebuttals on matters raised in said

 

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