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Nairaland Forum / Nairaland / General / Business / OANDO SAGA: Those In Authority Have Been Sleeping (560 Views)
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OANDO SAGA: Those In Authority Have Been Sleeping by stcool(m): 9:42am On Oct 25, 2017 |
As much as we have always talked about how dubious and fraudulent Oando management is, the powers that be, refused to give us a listening ear...I have a few questions for the authorities? - How come its now that they decided to have a forensic audit - If the complains came from minority shareholders would SEC have acted accordingly - SEC cannot deny that it has not received petitions on Oando from minority shareholders prior to the happenings in recent times - If the majority shareholders continued in their parley with the management, who would have spoken out for the minority shareholders. It is obvious that minority shareholders would continue to be disenfranchised in the Nigerian Stock Market, worst is if the major Shareholders decide to connive with the management then, doom awaits minority shareholders. Oando is just a tip, compared to the rot going on in many Nigerian companies. The authorities are sleeping and until they wake up to their responsibilities there is zero hope for the common investor |
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