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Nairaland Forum / Nairaland / General / Business / SEC Concludes Oando Investigation: Bars Group CEO For Five Years (15323 Views)
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Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by pcicero(m): 7:05pm On May 31, 2019 |
marvin906: One of the many lies being peddled around. OBJ has no stake in it. You can talk of Transcorp but not OANDO. Baba wasn't even around when Unipetrol was sold. |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by sonofElElyon: 7:15pm On May 31, 2019 |
Atiku owns INTELS solmusdesigns: |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by Asour: 7:15pm On May 31, 2019 |
emkz: Exactly. In Nigeria we think Corporate governance = good suits, ties and plush headquarters. Where a company has an overbearing CEO and an unbalanced board (i.e without, at least an equal number of Independent directors as other directors) forget it. its just a matter of time before power is abused and effective Corp. governance is thrown out. What I don't get (I don't know the full story yet) is why these guys don't just run a private company where they can do the what they like. They go public and yet want to have an unfair advantage over other shareholders even though they have a fair advantage already. 7 Likes |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by dson84: 7:15pm On May 31, 2019 |
So Afonja liquidated Diamond bank? |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by middlebelter(m): 7:16pm On May 31, 2019 |
Baba419: SEC didn't reinstate Gwarzo, it is a court judgment from Industrial Court. The judgment can be appraled by ICPC at Court if Appeals. |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by jaxxy(m): 7:17pm On May 31, 2019 |
“The general public is hereby notified of the conclusion of the investigations of Oando Plc. The findings from the report revealed serious infractions such as false disclosures, market abuses, misstatements in financial statements, internal control failures, and corporate governance lapses stemming from poor board oversight, irregular approval of directors’ remuneration, unjustified disbursements to directors and management of the company, related party transactions not conducted at arm’s length, amongst others”. Scandalous! |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by wanger50(m): 7:24pm On May 31, 2019 |
And this is the same person some people are wishing he becomes our President one day. God forbid that Tinubu becomes our president |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by 4gunners(m): 7:42pm On May 31, 2019 |
Hotfreezers:Gbam!!! |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by djon78(m): 8:09pm On May 31, 2019 |
They think its all about wearing expensive suits, shoes and speaking Queen's English. Majority of those guys are scammers. They add no iota of value to there companies or to the economy. No wonder they always hang around those in the corridors of power. That's why I weep for this Nation. 1 Like |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by Hotfreezers: 8:47pm On May 31, 2019 |
Phock2sweet: Afonjas like Uzoma Dozie 1 Like |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by ebby9z(m): 9:47pm On May 31, 2019 |
In case you aren't aware, the CEO is Wale Tinubu and now he will be reported to Tunde Fowler's FIRS. Fowler bring one of Tinubu's stooges. |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by 9jaRealist: 3:47am On Jun 01, 2019 |
ebby9z: That's only any tax infractions... If there are financial crimes (eg, fraud) involved, it goes to the EFCC. |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by 9jaRealist: 3:52am On Jun 01, 2019 |
Tpharell: Gwarzo is a big thief who paid himself a N104m "severance" package for a position that he remain in. Frankly, it epitomizes how truly-warped Nigeria is that some people would associate Mr. Gwarzo with integrity. Stealing "less" does not a saint make. |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by 9jaRealist: 3:56am On Jun 01, 2019 |
Hotfreezers: The system worked and that's a GOOD thing... There's fraud in every capital market (Enron, etc.), investor confidence however depends on TRUST that the system will sort it out. > |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by 9jaRealist: 4:00am On Jun 01, 2019 |
ppogba: Mangal persisted because he's an even bigger "cowboy" than these guys, having gotten rich off oil wells reportedly given to him by Abacha... 1 Like 1 Share |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by johnie: 5:54am On Jun 01, 2019 |
Hmmm. Kemi Adeosun, Gwarzo, SEC, Mangal, Abacha, Wale Tinubu, Unipetrol, AGIP, OANDO, Gaslink, ENYO, SevenEnergy, ConocoPhillips, Bola Tinubu, Buhari, APC, 2019, 2023. hmmm... 1 Like 1 Share |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by bfjuliusyahoo(m): 8:53am On Jun 01, 2019 |
Get trained by professionals and work in the oil and gas industry and get paid in dollars |
Re: SEC Concludes Oando Investigation: Bars Group CEO For Five Years by KnowAll(m): 12:04pm On Jun 01, 2019 |
Investing in Nigeria's stock market is like giving a thief your money and hoping he doesn't steal it. That is why there is no growth in Nigeria Stock Market, can you imagine some insurance stock still selling at 0.50 kobo after about 5 or even 10 years after listing on the stock market |
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