Finance

SEC orders Oando to suspend AGM

The Securities and Exchange Commission said on Monday that it had directed Oando Plc to suspend its Annual General Meeting slated for Tuesday (tomorrow).

The apex capital market regulator made the announcement in a statement.

The statement read, “The Securities and Exchange Commission hereby notifies the public that further to the ex-parte order of the Federal High Court, Ikoyi Lagos in Suit No: FHC/L/CS/910/19 IN Mr Jubril Adewale Tinubu & Anor V Securities & Exchange Commision & Anor, the Annual General Meeting of Oando Plc (a company listed on the Nigerian and Johannesburg Stock Exchanges) scheduled to hold…on Tuesday, June 11, 2019 at 10:00 a.m. has been suspended till further notice.

More details to follow.

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