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Home Business News

Oando becomes first oil & gas company in Nigeria to be ISO 27001 Certified

NM Partners by NM Partners
March 6, 2020
in Business News, Company News, Corporate Updates

Wale Tinubu, Group Chief Executive Officer, Oando Plc

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Oando PLC (referred to as “Oando” or the “Group”), Nigeria’s leading indigenous energy group listed on both the Nigeria and Johannesburg Stock Exchange, is pleased to inform the public that on Tuesday, January 21, 2020, it became the first Oil and Gas Company in Nigeria to receive the prestigious ISO 27001 Certification from Certification Partner Global FZ LLC.

ISO 27001 is the international standard outlining best practices for information security management systems.

Speaking at the certificate presentation ceremony, the Group Chief Corporate Services and Operations Officer, Oando, Mr Zubairu Muntari said, “This is a significant achievement for Oando. By implementing and following the necessary steps to comply with this standard, we can identify, control, and eliminate security risks, ultimately validating the security practices adopted within the organization.

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“The certification also means that we are able to provide our stakeholders with a higher degree of confidence in the quality and stability of data security and further validating our commitment to the highest standards of information security.”   

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Oando plant

The Head of IT, Oando Group, Mr Idris Musa, who directed the project, attributed the success to the commitment by the management towards managing business compliance and operational risks associated with the use of information systems and digital assets.

He said, “The investment in ISO 27001 enterprise security framework have allowed us structure and implement modern security controls in a complete and cohesive manner thereby strengthening our data and information system governance.”

Commenting on the certification, the Chief Operating Officer, Digital Encode Limited, Dr Obadare Peter said, “Essentially, the certification aims to establish and put in place good information security practices across the Oando Group. The certification is proof that the Company’s systems and processes have been audited against international best practice, positioning Oando as operating to global standards.”

[READ MORE: Oando signs 2 gas supply agreement with NLNG)

About ISO 27001

ISO 27001 certification is one of the most widely recognised and internationally accepted information security standards. ISO 27001 certification is the global standard for information security management system, part of the ISO/IEC 27000 family of standards published by the International Organization for Standardization (ISO) and the International Electrotechnical Commission (IEC) under the joint ISO and IEC subcommittee.

The certification specifies a management system that is intended to bring information security under management control and gives specific requirements. Organizations that meet the requirements may be certified by an accredited certification body following the successful completion of an audit.


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Tags: Dr. Obadare PeterIdris MusaJohannesburg Stock ExchangeOando PlcZubairu Muntari
NM Partners

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Comments 8

  1. Anonymous says:
    March 7, 2020 at 7:33 am

    I believe you they should be first to be certified to ISO 27001 in Africa not just Nigeria. Pls validate and update

    Reply
  2. Anonymous says:
    March 7, 2020 at 7:35 am

    I believe Oando should be the first in Africa And not just Nigeria to be ISO 27001 certified, the rest mostly do ISO 9001.

    Pls research and update the narrative

    Thank you.

    Reply
  3. John says:
    March 7, 2020 at 5:29 pm

    No amount of certification will wash away the criminal acts of the current Oando mgt.

    1. In 2016, Wale withheld Oando Report of over N180 billion loss for more than a year and sold off his share shortly before releasing it.
    2. Most Oando Directors also act as Vendors to Oando, where they charge exorbitant fees.
    3. They fix their salaries without shareholders approval. On average, wale earns over N600 million through his personal companies and salary from Oando.

    If you are a shareholder in Oando, you need to be weary of the current managment.

    Reply
    • Olatunde Banjoko says:
      March 8, 2020 at 1:10 am

      We have been shareholders of Oando for almost 8 years until we recently pulled out from the shareholders ‘ ‘dream killer’ to greater and greener sectors/companies.
      The impression we all have about the company is that oando board has a criminal, manipulating and lying tendencies despite the hypes by their heavily paid PR devils
      Their share price which dropped from N96 to N2.97k over 9years is a proof to the fact that they are not not loved by many any more .
      Good riddance to bad rubbish.

      Reply
  4. Anonymous says:
    March 7, 2020 at 7:21 pm

    Oando is the best not just Nigeria but Africa in general

    Reply
  5. Olatunde Banjoko says:
    March 8, 2020 at 1:11 am

    We have been shareholders of Oando for almost 8 years until we recently pulled out from the shareholders ‘ ‘dream killer’ to greater and greener sectors/companies.
    The impression we all have about the company is that oando board has a criminal, manipulating and lying tendencies despite the hypes by their heavily paid PR devils
    Their share price which dropped from N96 to N2.97k over 9years is a proof to the fact that they are not not loved by many any more .
    Good riddance to bad rubbish.

    Reply
  6. Amoo James says:
    March 8, 2020 at 11:41 pm

    Wale Tinubu is a conman, A financial and an Economic fraudster. He single handedly destroyed the future of Oando due to pathological greed.
    He should be cooling of in jail if he had perpetrated 2% of the fraud he committed against shareholders in a sane society.

    Reply
  7. Anodebenze says:
    March 9, 2020 at 3:53 pm

    Who said so ?certificate from where ,it is only nm partner as a financial company,will sees something that is a crystal evil and sweet-coat Oando with a certificate from abroad,we shall see,the sec have asked wale tinubu to resign,and I do not know if he is still on his job,we have a Nigerian standard certification authorities and a govt regulating body,who will give certificate now does Dangote have any certificate from anybody of which Dangote is a Nigerian respectful company.nm partner decided to bye-passed the Nigerian regulation authority and gives us a certificate of toilet -roll only fit for us wiping our arse. a certificate from hell in america

    Reply

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