TODAY
February 25, 2021
The Securities and Exchange Commission (SEC) was slammed another lawsuit by displeased shareholders of Oando PLC. The shareholders filed for an interim order restraining SEC, its agents or representatives from acting on its May 31, 2019 letter sanctioning the Management of Oando. The order was granted and present in court were lawyers for both SEC (Usman Umar Fari esq) and the shareholders.
The order restrains the SEC, its agents or anyone acting on behalf of the commission from disturbing or meddling with the affairs, management and activities of Oando PLC. It also restrains the SEC’s purported interim Management from meddling in the administration and activities of the company as well as an order restraining SEC from interfering with the shareholder’s exercise and performance of their statutory powers and duties as shareholders.