Frauds & Scandals

SEC Appoints Deloitte to Lead Forensic Audit of Oando as Firm’s Shares are Suspended on JSE

Culled—Thisday 20/10/2017 Market welcomes action Goddy Egene In furtherance of its resolve to carry out a forensic audit of Oando Plc, the Securities and Exchange Commission (SEC) has revealed that it has appointed audit firm, Akintola Williams Deloitte, to lead the team of experts to undertake the audit of Oando. […]

Johannesburg Stock Exchange Also Suspends Trading Of Oando Shares

October 19, 2017/The Will By Ugochukwu Ugwuanyi Barely a day after the Nigerian Stock Exchange, NSE, suspended trading on the shares of Oando Plc, the Nigerian oil company on Thursday suffered the same fate at the Johannesburg Stock Exchange, JSE. Nigeria’s Securities and Exchange Commission, SEC, had prompted the NSE […]

Oando Confirms Suspension on Shares Trading

October 18, 2017/NSE The Company (“the Company” or “Oando”) has received communication from the Nigerian Stock Exchange (NSE) that the Securities and Exchange Commission (SEC) have issued a directive to immediately suspend the trading of Oando shares, a directive to which the NSE has complied.  The Company is currently reviewing […]