Oando Plc issued a press release on Wednesday revealing that it was unable to approve the audited accounts for the year ended December 2017.
The company held a board meeting on March 27th where it was supposed to approve the accounts but said it was unable to do so due to ongoing Management reviews and consultations between our Auditors’ local and international offices
This is an excerpt from the press release issued by the company;
This is to inform the public and our stakeholders that the Board of Directors of Oando
PLC held a meeting on Tuesday, March 27 2018 to consider the 2017 Audited Financial
Statements (the “Accounts”). The Board Meeting was adjourned to April 10, 2018 for
approval of the Accounts due to ongoing Management reviews and consultations
between our Auditors’ local and international offices. However, we still expect to meet
the May 2018 deadline as earlier communicated to the Market for the filing of the
Accounts.
