It's because the judge has no shares in Oando. At least pity the shareholders

Until a big corporate criminal is sent to jail, the corporate/business environment will remain the same.

In saner climes, based on the outcome of an investigation by the appropriate regulators especially as this oando case is concerned, what the culprits will be pleading for is a jail term that is less harsh. But in Nigeria, the case is different. Rush to court, get an injunction and step 3 cry foul to the public and appeal for public sympathy. Thereafter, play the ethnic card. Finally, buy a portion of the press and hire professional image launderers in the name of economic analyst over the media. Pronto before long, we have forgotten the issue and the circle continues.

Bizlifelines201:

This Tinubu is Wale Tinubu and it has absolutely nothing to do with Asiwaju. It's a business deal and board room politics gone awry. It never ceases to amaze me how these guys get these judges to play their games when there are thousands of people awaiting trial and their cases yet to go anywhere. The case of winding down order fraudulently given to Ecobank from the now disgraced Yunnusa against Honeywell flour mills has been dragging on for years now yet the judiciary wants to hold the rest of the nation to ransom.Imagine, it took Honeywell 4 years to get the fraudulent injunction lifted and dragged all the way to the Supreme court. This is the same thing Wale and Boyo will do and the investors, like Honeywell, will lose out. That's why this current composition of NJC has to change to bring in serious and upright Nigerian stakeholders.This judiciary is a curse on Nigeria and President Buhari should deliver Nigeria and Nigerians from bad eggs in the judiciary because this judiciary can't cleanse itself.
This restraint is a disgrace to the judiciary. The best she could have granted is accelerated hearing

fix the judiciary and half nigeria's problem is solved

Bizlifelines201:
.
Oando is owned by Wale Tinubu and Omamofe Boyo.
Apparently you don't know the truth and you have not bothered to read. Go and read about Volpi and the $700 million he gave Wale Tinubu and Omamofe Boyo. It's the inability of Wale and Boyo to repay the loan or transfer the company ownership to Volpi that created this big problem.

just for kniwege sake, is wale tinubu related to asiwaju?

it is very obvious that when ever elections come to and end an a winner is declared in Nigeria, one big company will collapse from Savannah bank to Skye bank.

TheMoniker:

The real gboy with connection.

GBOBI COLLEGE

ppogba:

Until a big corporate criminal is sent to jail, the corporate/business environment will remain the same.

In saner climes, based on the outcome of an investigation by the appropriate regulators especially as this oando case is concerned, what the culprits will be pleading for is a jail term that is less harsh. But in Nigeria, the case is different. Rush to court, get an injunction and step 3 cry foul to the public and appeal for public sympathy. Thereafter, play the ethnic card. Finally, buy a portion of the press and hire professional image launderers in the name of economic analyst over the media. Pronto before long, we have forgotten the issue and the circle continues.

Your submission is apt. Stock price manipulation, cooking financial statements and insider trading among other accusations presented by the SEC, are acts bordering on outright fraud. I think the SEC erred in just asking the board to resign. Those guys ought to have been arrested. Wale Tinubu especially lives an opulent lifestyle at the expense of shareholders. In addition, the turnover of senior staff in the last ten years in Oando and consistently changing the company structure tells me it is a company that lacks long-term vision. Now because of the way Wale Tinubu has always manipulated his creditors and our stock market, he is using our judiciary to continue to stay. Methinks capable hands should be engaged by the shareholders to run that company since Wale Tinubu has been indicted on criminal grounds now.

Bizlifelines201:

This Tinubu is Wale Tinubu and it has absolutely nothing to do with Asiwaju. It's a business deal and board room politics gone awry. It never ceases to amaze me how these guys get these judges to play their games when there are thousands of people awaiting trial and their cases yet to go anywhere. The case of winding down order fraudulently given to Ecobank from the now disgraced Yunnusa against Honeywell flour mills has been dragging on for years now yet the judiciary wants to hold the rest of the nation to ransom.Imagine, it took Honeywell 4 years to get the fraudulent injunction lifted and dragged all the way to the Supreme court. This is the same thing Wale and Boyo will do and the investors, like Honeywell, will lose out. That's why this current composition of NJC has to change to bring in serious and upright Nigerian stakeholders.This judiciary is a curse on Nigeria and President Buhari should deliver Nigeria and Nigerians from bad eggs in the judiciary because this judiciary can't cleanse itself.
This restraint is a disgrace to the judiciary. The best she could have granted is accelerated hearing

it has everything to do with Bola Tinubu, ask questions if u don't know.

adeyanwale5:

it has everything to do with Bola Tinubu, ask questions if u don't know.

If that would allow you to sleep at night, please believe the lie. There's no point dragging it.Just like the lies that Asiwaju owns oriental hotel before it was exposed to be blatant lie, Oando too will soon be laid bare with all the documents now in public sphere. The problem is that people don't read and easily led by the nose. It's a publicly quoted company with all the shareholding structure spread across for God's sake, not a private entity like Globacom, Dangote Refinery etc.

More drama

Tinubu and Co over the years have poorly mismanaged Oando Plc with the investors and shareholders at the receiving end and this is a trend in quoted companies in Nigeria which result into investors turning their back on investing in Nigeria.

If SEC the regulatory body to financial and capital markets sees the need to replace the management board of Oando, why should a judge rule against that. This judgement definitely not in favour of national interest. The current judiciary body is a big set back to Nigeria.

Corruption fighting back.

Only in Nigeria

Justice Moji don get alert way dey spoil phone........


We still have people who cannot be bought no matter the price.

That guy called Wale Tinubu is the biggest scammer in Nigeria's corporate governance.
From the way he handled the the acquisition of ConocoPhillips upstream assets to the sell-down of Oando's midstream and downstream assets all reeks of fraud and foul play.
The judiciary is a big liability to this nation

kaen1317:
that thing that made them annul June 12 is still there. Do u know why June 12 was annulled? Do u know why Elrufai is encouraging /teaching Lagosians how to retire godfathers? And now oando. Tinubu has been caught in a monkey trap and nothing can be done about it

It's all conjectures. Wild goose chase.

Bizlifelines201:

This Tinubu is Wale Tinubu and it has absolutely nothing to do with Asiwaju. It's a business deal and board room politics gone awry. It never ceases to amaze me how these guys get these judges to play their games when there are thousands of people awaiting trial and their cases yet to go anywhere. The case of winding down order fraudulently given to Ecobank from the now disgraced Yunnusa against Honeywell flour mills has been dragging on for years now yet the judiciary wants to hold the rest of the nation to ransom.Imagine, it took Honeywell 4 years to get the fraudulent injunction lifted and dragged all the way to the Supreme court. This is the same thing Wale and Boyo will do and the investors, like Honeywell, will lose out. That's why this current composition of NJC has to change to bring in serious and upright Nigerian stakeholders.This judiciary is a curse on Nigeria and President Buhari should deliver Nigeria and Nigerians from bad eggs in the judiciary because this judiciary can't cleanse itself.
This restraint is a disgrace to the judiciary. The best she could have granted is accelerated hearing

You have a poor understanding of the Nigerian judicial system.

Kay17:


You have a poor understanding of the Nigerian judicial system.

Hahaha. You must be kidding me Thank God you said "Nigerian Judiciary ". Imagine it's a brand, will you want to buy that brand? This judiciary can't even save itself! It took the bold intervention of the president to remove their erstwhile corrupt leader! Members of the judiciary like Late Supreme Court Justice Kayode Eso who tried saving the Nigerian Judiciary died an unhappy man when the report of it's inquiry and recommendations were declared missing!
Just few days ago, Femi Falana was lamenting that Nigerian judges now attack and throw out cases of public interest and I just shook my head. A whole arm of government shouldn't be left to the antics of one professional group, especially one that can't save itself. Even the judgement from our courts are like toilet papers in international jurisprudence and litigations. NJC shouldn't be another professional group, it should be an assembly of patriotic critical stakeholders in the Nigerian society. Worthy, upright and patriotic Nigerians, not necessarily lawyers

BlacSmit:
And many folks keep wondering why investors are scared of Nigeria. In Nigeria, most times, only real thugs that are ready to mess themselves up can flourish. This so-called wale Tinubu's oando is the reason the stock market is in disarray. How can you be cooking up figures to make investors feel you're making profit when the company's accounts are empty??

Na God go help us. But any day make any so called big man dupe me,,,e endtime don reach be dat

One of the sister company in the midstream (Oando energy services...now known as oes energy services) managed by OPSL is yet to pay their retrenched workers thier outstanding gratuity since 2015.....TOTAL SHAME!!!!

It is better to have it and not need it than to need it and not have it!