Home Business Securities Commission queries Oando Plc over financials
Securities Commission queries Oando Plc over financials
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Securities Commission queries Oando Plc over financials

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Related imageThe Securities and Exchange Commission is investigating Oando Plc over alleged malpractices in its financial statements.

A formal letter is believed to have been sent to the company by the Securities Commission.

Report says foreign investors filed series of petitions against Oando in relation to changes in shareholding structure after its acquisition of the Nigerian assets of ConocoPhillips.

The Stock market is not yet reacting to the development.

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