The company says it will take legal steps on the issue.
Oando PLC Challenges the Securities and Exchange Commission’s Ruling on the Outcome of the Forensic Audit into Oando PLC
In the statement, the Commission confirms the conclusion of its investigations and that the findings from the report reveal serious infractions by the Company and as part of measures to address these violations, the Commission has directed penalties as follows:2. The convening of an Extra-Ordinary General Meeting on or before July 1, 2019, to appoint new directors,4.
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