Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,193,961 members, 7,952,870 topics. Date: Thursday, 19 September 2024 at 06:16 AM

BREAKING: NSE To Place Oando Plc Shares On “technical Suspension” As SEC Conduct - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / BREAKING: NSE To Place Oando Plc Shares On “technical Suspension” As SEC Conduct (1442 Views)

Oando PLC Acquires Nigerian Agip Oil Company For $783 Million / BUA Cement Lists 33.86 Billion Shares On NSE, Now Third Largest Listed Company / Notification Of Suspension Of Trading In The Shares Of Oando Plc (2) (3) (4)

(1) (Reply)

BREAKING: NSE To Place Oando Plc Shares On “technical Suspension” As SEC Conduct by PurityPhils(m): 3:12pm On Oct 18, 2017
The Securities & Exchange Commission (SEC), has directed the Nigerian Stock Exchange (NSE) to place the shares of Oando Plc on “technical suspension” to enable the Commission conduct a forensic audit into the affairs of the company.

SEC said the forensic audit became imperative following two petitions the Commission received from Alhaji Dahiru Barau Mangal and Ansbury Incorporated about Oando Plc.

The Commission said it carried out a comprehensive review of the petitions and found out that there was “breach of the provisions of the Investments & Securities Act 2007, breach of the SEC Code of Corporate Governance for Public Companies, suspected insider dealing, related party transactions not conducted at arm’s length, and Discrepancies in the shareholding structure of Oando Plc”.

Read more: http://aledeh.com.ng/breaking-nse-to-place-oando-plc-shares-on-technical-suspension-as-sec-conducts-forensic-audit-into-companys-affairs/

Re: BREAKING: NSE To Place Oando Plc Shares On “technical Suspension” As SEC Conduct by Fxmanager(m): 5:56pm On Oct 18, 2017
Okay.

(1) (Reply)

Who Knows Confirmed A4 Paper Supplier On Alibaba / Zee International.building Interior And Finishing Specialist / 50 Kva Generator For Hire/sale

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 6
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.