Corporate Brief

Oando denies being investigated by SEC

The management of Oando has denies claimed that it is under investigation by Security and Exchange Commission as reported by Channels TV on July 14th 2017

The statement signed by the company Secretary, Ayotola Jagun stated that the company understands that the SEC is in receipt of correspondence containing unsubstantiated, misleading and defamatory claims with respect to various matters that had already received board, shareholder and SEC approval.

“We are cooperating with the SEC in the discharge of its duties as capital markets regulators by providing all appropriate clarification.

It added that the company corporate communications team is always available to respond to any enquiries by members of the public and media.

“We therefore demand immediate retraction of the report and urge media houses to desist from false information.

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