• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Companies Company News

SEC finally breaks its silence on the Oando-Volpi-Mangal saga

Onome Ohwovoriole by Onome Ohwovoriole
September 11, 2017
in Company News
SEC finally breaks its silence on the Oando-Volpi-Mangal saga

Wale Tinubu, CEO, Oando

Share on FacebookShare on TwitterShare on Linkedin

After a lengthy silence, the Securities and Exchnage Commission (SEC) has finally given an update on the on going Oando vs Volpi vs Mangal saga. The regulator has now distanced itself from recent media reports that had hinted it gave a clean bill of health for Oando and maintains it continues to uphold shareholders interest.

The attention of the Securities and Exchange Commission has been drawn to a publication by Thisday Newspapers on Wednesday, September 6, 2017 . The Commission categorically dissociates itself from the publication and any other related articles published in other media outlets. The Commission assures the investing public of its resolve to uphold its mandate of Investor Protection and Market Development.

The story so far

Channels Television, had sometime in July broke the news that SEC was looking into two petitions against Oando Plc. Channels later took down the report, while Oando stated that it was cooperating fully with the regulatory authorities.  Gabriel Volpi (who has an indirect holding in Oando Plc) through Ansbury Plc and Dahiru Mangal had written to SEC to requesting it to stop the AGM. SEC in its response had declined to do so, as such an action would be interpreted as it constituting itself into a court of law. Both parties had earlier petitioned SEC accusing the current management of Oando Plc of mismanaging the company and failure to grant them adequate representation on the board. Charges, Oando has vehemently denied. Oando also issued a statement denying alleged plans to institute an interim board.

The puzzle remains incomplete

While SEC maintains it has investors interest as its priority, the disclaimer does not explicitly state if its investigations into Oando PLC are on going or have been concluded. Why did SEC have to wait for media reports before reacting ?  Oando Plc’s Annual General Meeting (AGM) took place earlier today  in Uyo, Akwa Ibom State.

RelatedStories

SEC warns Nigerians against investing in Risevest and Stecs  

SEC warns Nigerians against Value Growth Platform, flags it as potential Ponzi scheme 

June 27, 2025
Oando Plc,

Oando continues with strong financial performance, reports 172% growth in gross profit in Q1 2025 financial report 

June 26, 2025

Follow us for Breaking News and Market Intelligence.
Tags: News ReviewOando PlcSEC Investigates Oando PlcSecurities and Exchange Commission
Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

Related Posts

SEC warns Nigerians against investing in Risevest and Stecs  
Legal & Regulations

SEC warns Nigerians against Value Growth Platform, flags it as potential Ponzi scheme 

June 27, 2025
Oando Plc,
Companies

Oando continues with strong financial performance, reports 172% growth in gross profit in Q1 2025 financial report 

June 26, 2025
Oando Plc,
Company Results

Oando posts N113 billion Q1 PAT for 2025, on surging income tax credit 

June 25, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Legal & Regulations

SEC warns against Zugacoin and Samzuga GPT, says they are not licensed in Nigeria 

June 18, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Cryptos

SEC to launch ‘Crypto Smart, Nigeria Strong’ initiative for stablecoin regulation 

June 16, 2025
SEC warns Nigerians against investing in Risevest and Stecs  
Legal & Regulations

SEC directs companies to pay dividends older than 12 years, clarifies Finance Act 2020 provisions 

June 10, 2025
Next Post
Here is the latest gas supply deal that will boost power in Lagos

Here is the latest gas supply deal that will boost power in Lagos

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • From scarcity to success: How Grace Ofure Ibhakhomu became Africa’s real estate tech trailblazer 
  • C&I Leasing Plc marks another gaint stride following the release of its 2024 annual report
  • NIN database grows by 7 million in half-year 2025 as NIMC targets 95% coverage 

Follow us on social media:

Recent News

From scarcity to success: How Grace Ofure Ibhakhomu became Africa’s real estate tech trailblazer 

From scarcity to success: How Grace Ofure Ibhakhomu became Africa’s real estate tech trailblazer 

July 9, 2025
C&I Leasing Plc marks another gaint stride following the release of its 2024 annual report

C&I Leasing Plc marks another gaint stride following the release of its 2024 annual report

July 9, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics