October 24, 2017/NSE The Securities and Exchange Commission’s (“SEC” or “The Commission”)’s alleged findings as outlined in their correspondence to the Company’s (“the Company” or “Oando”) Group Chief Executive (GCE) on October 17, 2017 have been presented below alongside the Company’s position regarding each allegation. The Commission’s Alleged Finding: Breach […]
Frauds & Scandals
Oando Secures Court Injunction, restraining SEC, NSE
Culled—Proshare 24/10/2017/NSE Following the directive by the Securities and Exchange Commission of Nigeria, that the Nigeria Stock Exchange should effect a full/technical suspension on the trading of the shares of Oando; the company has obtained an ex-parte order from the Federal High Court. The Federal High Court Injunction is to […]
Senate Passed a Motion on the Need for Intervention in the Etisalat NG $1.2bn Debt Crisis
Culled—Proshare October 24, 2017/Senate Today, the Senate passed a Motion on the need for intervention in the recent Etisalat Nigeria $1.2 billion debt crisis. In 2013, Etisalat Nigeria acquired a syndicated loan from 13 banks as a medium-term, seven-year facility to fund the expansion of the network in Nigeria. Since […]
