Shares in Nigerian oil company Oando fell by almost the 10 percent limit allowed on the local stock exchange for a second day following allegations by a British prosecutor about links to jailed former Nigerian oil state governor James Ibori. The energy company’s shares were down 9.37 percent at 9.14 […]
Tag: James Ibori
James Obori Claims 30% Stake In Oando
* Bank report likened Ibori to scion of Kennedy dynasty * Prosecutor says more assets may still be hidden * Details of Ibori’s assets revealed at London hearing Jailed former Nigerian oil state governor James Ibori told a Swiss private bank in 2004 that he owned 30 […]
Oando Refutes Allegation Regarding Ibori
Oando PLC (‘Oando’) reacts as follows: We state categorically that Mr. James Ibori does not own ‘a large part of Oando’ and that this statement is incorrect and misleading. Oando is a publicly traded company listed on the Nigerian and Johannesburg Stock Exchanges and does not and cannot control the […]
