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Browsing: wale tinubu
Tinubu made this known at the ongoing Oil and Gas Conference in Abuja, adding that politicians want the subsidy on crude oil products to continue at all cost.
A Civil Society Organisation, Initiative for Leadership and Economic Watch in Nigeria, has urged the Securities and Exchange Commission to review the sanction it placed on Oando Plc to give room for equity and justice.
The Federal High Court has restrained the Securities and Exchange Commission from removing Messrs Wale Tinibu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer and Deputy Group Chief Executive Officer, respectively.
Officers and men of the Nigeria Police have taken over the head office of Oando Plc in Victoria Island, Lagos.
Staff of the company stayed off work.
This was made known on Sunday in a statement by the Head of Corporate Communications of the SEC, Efe Ebelo, in Abuja
Operators on the nation bourse on Friday said that suspension of two directors of Oando Plc from public companies for five years would bring sanity to the capital market.
Oando Plc has challenged the firing of its Group Chief Executive Officer, Wale Tinubu, and his deputy, Moyo Boyo, by the Securities and Exchange Commission.
This followed the conclusion of investigation into two petitions against the oil company
Malam Garba Shehu, the President’s Senior Special Assistant on Media and Publicity, confirmed this development in a statement in Abuja on Monday
In a July 6 ruling, the LCIA held that Ocean and Oil Development Partners, British Virgin Islands, which owns 55.96 per cent of Oando Plc through a holding company, Ocean and Oil Development Partners Nigeria Limited, is owing Ansbury Investments Incorporated $600 million (N216 billion).
Adewale Tinubu, the Group Chief Executive of Oando Plc, will once again reinforce the growth and strength of oil independents at the ongoing 7th Organisation of Petroleum Exporting Countries International Seminar, with the theme: “Petroleum – Cooperation for a Sustainable Future,” in Vienna, Austria
Fajemite had taken to the Twitter handle of Oando to ask how many retweets it will take to get him employed
The position of SEC was conveyed to Oando before it was suspended from the Nigeria Stock Exchange based on the directive of the SEC on October 19
The retention of Tinubu as the CEO and the Directors was despite a protest before the commencement of the AGM
The AGM was still ongoing as at press time
The Senate had its mandated the Adhoc Committee to probe the planned concession of Port Harcourt Refinery to AGIP/ENI and OANDO Plc without following the due process
This was contained in a statement by the company in Lagos
Apart from the fact that the Senate said it paid $298,000 for the Jeep, which it said was a far cry from the N298 million initially quoted by the media, two statements by the Senate on Tuesday introduced more inaccuracies into the controversy
The latest revelation was contained in the leaked massive internal data belonging to Panamanian law firm, Mossack Fonseca, which was obtained by German newspaper, Süddeutsche Zeitung