Court restrains SEC from carrying out actions against Oando as multiple shareholders sue thecable.ng - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thecable.ng Daily Mail and Mail on Sunday newspapers.
SEC speaks on court order nullifying Oando’s AGM ban
The regulator denies knowledge of the order, but says it will verify and challenge it.
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The Securities and Exchange Commission (SEC) says it will challenge a court decision that declared its sanctions against
The commission said it was not in the know of the Abuja High Court order, lifting its ban on oil driller Oando Plc’s right to conduct Annual General Meeting (AGM) more than 20 months after the regulator blocked the privilege.
“The attention of the Securities and Exchange Commission (the commission) has been drawn to several publications in the media, where it is reported that a shareholder of Oando Plc, purportedly obtained a judgement from the Federal Capital Territory High Court against the commission,” Abuja-based SEC said in a statement Wednesday.
Oando shareholder wins SEC in court as more shareholders want current management to stay — court documents naija247news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from naija247news.com Daily Mail and Mail on Sunday newspapers.