Breaking! SEC Suspends Oando Plc AGM

Further to its appointment of an Interim Management Committee to oversee Oando Plc and to organise an Extraordinary General Meeting at which a new management will be appointed for the company, the Securities & Exchange Commission (SEC), on Monday ordered a suspension of the annual general meeting fixed for Tuesday, June 11, 2019.
The commission said the suspension “till further notice” is “to allow the parties maintain status quo.”
The statement said it is also “further to the Ex-parte Order of the Federal High Court, Ikoyi Lagos in Suit No: FHC/L/CS/910/19 between Jubril Adewale Tinubu & Anor V Securities & Exchange Commission & Anor.
Management of the commission promised to “update the public on the outcome of the ongoing litigation.”