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Sunday, June 02, 2019 / 10:57PM / By SEC
Public Notice / Header Image Credit: Nairametrics
Further to our Press Release on Oando Plc, dated May 31, 2019, the Commission hereby informs the public of the constitution of an Interim Management Team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON, to
The Commission wishes to reiterate its commitment to maintaining the integrity of the market.
About
Mutiu Olaniyi Adio Sunmonu
Mr. Mutiu Olaniyi Adio Sunmonu, CON,
BSc serves as an Executive Consultant to Pan Ocean and Newcross EP providing
leadership across the operations, regulatory/statutory compliance and external
relationship management. Mr. Sunmonu served as the Managing Director of The
Shell Petroleum Development Company of Nigeria Limited from 2004 to March 1,
2015.
He served as Vice President of
Production Sub-Saharan Africa at Royal Dutch Shell plc and served as its
Country Chairman of Nigeria since December 31, 2009.
He joined Royal Dutch Shell Plc in
August 1978 as a Computer Programmer and Business Analyst. From 1983 to 1986,
he served as a Senior EDP Auditor, where he was responsible for operational
audit of computer systems, business applications, as well as the computing and network
environment.
He proceeded to the Shell UK Expro
Aberdeen in 1990, the first of two overseas assignments, where he had a
three-year stint as Information Planner and Portfolio Consultant. On his return
to Nigeria in September 1993, he was appointed as Head of IT Infrastructure
Services and became IT Manager of SPDC in October 1995. In 1997, Mr. Sunmonu
moved from the IT function, to the core production area of the business. He
first worked as Area Production Manager, overseeing some 10 producing fields
and was two years later, appointed as Asset Manager of Southern Swamp Area,
with responsibility for 12 producing fields. He was to later proceed on a
second overseas assignment in 2001, working as Regional Business Adviser at the
Shell Headquarters at The Hague.
In this role, he was part of the
team that developed the initial investment proposal for the China West to East
integrated pipeline and gas supply project. Returning to Nigeria in 2003, he
was appointed as General Manager Production for the SPDC Eastern operations. He
served as Country Chairman of Shell Petroleum Development Company of Nigeria
Ltd.
He served as SPDC's Executive
Director of Corporate Affairs and also served as its Executive Director of
Production since February 2006, where he had overall accountability for its oil
and gas production activities and delivery.
He serves as the Chairman of Imperial Homes Mortgage Bank. He has been Non-Executive Chairman of San Leon Energy Plc since September 21, 2016. He has been Chairman of the Board of Julius Berger Nigeria PLC since April 01, 2016. He has been a Director of Julius Berger Nigeria PLC since January 1, 2015. He serves as Director of Petralon Energy Resources and Unilever Nigeria Limited. He has been an Independent Non-Executive Director of Unilever Nigeria Plc since December 31, 2015. He served as a Director of SPDC since 2005. Mr. Sunmonu did his graduation from the University of Lagos in 1978 with a first class BSc. degree in Mathematics and Computer Science.
**Above Profile of Mutiu Sunmonu was sourced from Bloomberg
Related News on SEC Investigation Report
1.
Post-Forensic Exchanges: The
SEC Letter to Oando Plc and The Oando Rebuttal – Jun 02, 2019
2.
Oando Challenges SEC’s Ruling On The Outcome Of The
Forensic Audit Into Oando PLC
– May 31, 2019
3. SEC Announces Far Reaching Decisions On The Investigation Of Oando Plc – May 31, 2019
Proshare Reports - Oando Investigation
4. Memo to The Market: The Oando Corporate Journey – At
the Regulators Gate – Nov 22, 2017
5. Download Full (PDF) Report - Memo to The Market: The Oando
Corporate Journey – At The Regulators Gate – Dec 2017
6. Review of the SEC Technical Committee Recommendations, Opinion and Final
Report – Dec 08, 2017
Quick Recall of Past Market Memorandum(s)
7.
Beyond The Noise: MTN’s Post Listing Reactions, Gaps in Rules and Lessons
Learnt – May 25, 2019
8.
The Bull in
the China Shop – A New Paradigm in the Banking Sector (analysis of the SLS
Intervention) ... - Proshare Aug 21, 2009
9.
Fundamental
Considerations for Capital Market Reforms in Nigeria ... - Proshare Sept 06, 2010
10. Memo to the
Market: Reappointing Arunma Oteh as DG, SEC - Proshare Dec 31, 2014
11.
Where Nigeria
got it Wrong - Proshare Dec
01, 2014
12. Leadership,
Change and Corporate Transformation – The Nigerian Experience ... - Proshare Nov 07, 2017
List of Appendix
13. Corporate
Governance Rating System (CGRS)
14. Facts Behind the
Figures (FYE 2016 & Q1 2017 Performance Review)
15.
Oando Plc Half
Year Update Call (FYE 2015 & Q1 2016 Performance Review)
16.
NSE
X-Compliance Report February 21, 2014
17. NSE
X-Compliance Report August 7, 2015
Related News on Oando
18. Oando Optimises Value From Midstream Business – Apr 26, 2019
19. OANDO Declares N4.63bn PAT in Q1'19 Results (SP:N4.85k) – Apr 25, 2019
20. Oando PLC Announces Divestment of its Residual 25%
Interest in Axxela Limited – Apr 04, 2019
21. Oando’s Plan to Deleverage and Remain Profitable – Apr 04, 2019
22. Axxela Now 100 Percent Owned by Helios – Apr 04, 2019
23. Oando Plc Announces FYE 2018 Results, Posts N28.8 Billion
Profit-After-Tax – Apr 02, 2019
24. OANDO Declares N28.79bn PAT in 2018 Audited Results
(SP:N5.65k) – Apr 01, 2019
25. Oando PLC, Canadian Government and Accountability Lab
Champion the SDG 16 Innovation Challenge 2019 – Mar 26, 2019
26. OANDO Declares N28.79bn PAT in 2018 Audited Results
(SP:N5.65k) – Mar 15, 2019
27. Oando Female Engineers Mentor Female Pupils in Celebration
of International Day of Women in Science
– Mar 08, 2019
28. Oando Employees Donate Relief Materials to Flood Victims
in the Niger Delta – Jan 31, 2019
29. Oando, NAPIMS and NAOC JV Celebrate Green River Project
and 22nd Annual Farmers Day – Dec 03, 2018
30. NNPC, NCDMB, Oando, Seplat And Many More Push The Nigerian
Agenda At The 25th Africa Oil Week
– Nov 12, 2018
31. Oando PLC, Nestle Nigeria, Union Bank and others lead
conversations on Heritage Branding
– Nov 01, 2018
32. OANDO Declares N10.39bn PAT in Q3 2018 Results (SP:N5.05k) – Oct 31, 2019
33. Oando Plc Eyes Growth After Curbing $2.5 Billion Debt – Aug 28, 2018
34. Oando Plc Successfully Concludes 41st Annual General
Meeting - Jul 28, 2018
35. Oando Plc Sets the Record Straight Regarding the LCIA’s Ruling
on Whitmore, OODP BVI and Ansbury
– Jul 16, 2018
36. Oando Plc Awarded EPC Mandate to Develop
Ajaokuta-Kaduna-Kano Gas Pipeline Project by the NNPC – Apr 19, 2018
37. Oando PLC
Announces YTD September 2017 Results; Gives Operational Highlights
38. Oando Plc
state Positions on the Securities and Exchange Commission Alleged Findings
39. Oando Secures
Court Injunction, restraining SEC, NSE
40. Oando Shares
Now Available for Trading, No Price Movement During Technical Suspension
41. JSE Follows
NSE, Suspends Trading in the Shares of Oando Plc
42. Oando Gives
Holding Response on SEC’s Directive to NSE to Suspend Trading of Its Shares
43. Oando PLC’s
Official Statement on the SEC’s Directive to The NSE to Suspend Trading of Its
Shares
44. NSE, SEC
Confirm Decision To Suspend Trading On The Shares of Oando Plc
45. Trading on
the Shares of Oando Plc Suspended; Reasons Unknown
46. Oando Gas
& Power Rebrands as Axxela
47. House of Reps
gives SEC Two weeks to submit Report on Oando PLC
48. Oando Plc. -
AGM Resolution
49. Oando Plc
holds 40th AGM, engages Shareholders on the Progress of its Restructuring Plan
50. Oando Plc's
40th AGM To Hold As Planned Following SEC Confirmation
51.
Oando Plc to
Hold 40th AGM on Sept 11, 2017
52. Oando Plc
Issues an Update on Claims of a SEC Investigation
53. OANDO
Declares N4.56bn Profit in Q2 2017 Results,(SP:N7.80k)
54. Oando Issues
Press Release over SEC Investigation
55. Corporate
Earnings for the Week Ending 140717 – UCAP declares N1.99 billion Profit in
Q2'17 Results
56. SEC
Investigating Oando Plc
57. OANDO Plc
Announces Closed Period
58. Oando
Provides Clarifications on its Refinery Ambitions
59. OANDO
Declares N1.71bn Profit in Q1 2017 Results,(SP:N5.80k)
60. OANDO Plc
Announces Closed Period
61. Oando Plc to
Hold 2016 AGM on Tuesday 2nd August
62. Oando Plc Key Highlights on Q4
15 and Q1 16
63. OANDO Concludes
Recapitalization Partial Divestment of Equity Stake in Its Downstream
Operations
65. OANDO Releases Q4 15 and Q1 16
Results Declares N4.10bn PAT in Q1 SP N6.50k
66. Oando Plc Secures 5 Year N94.6
Billion Medium Term Facility with 10 Nigerian Banks
67. Oando explains what
Deregulation of Petrol Price means for its Downstream Operations
68. OANDO to acquire OER Minority
Shares for a Consideration of US 1.20 per share in Cash
69. The Corporate
Governance Rating System –
Proshare
70. ETI, Oando
Plc under Fire over Ownership, Governance
Related News on SEC Laws and Corporate Governance
71. The-Market-Memorandum---Fundamental-Considerations-for-Capital-Market-Reforms-in-Nigeria/2910
72. Corporate
Governance and Directors' Remuneration
73. SEC Proposes
New Rules & Amendments to Rules on Book Building, Corporate Governance
74. Good
Corporate Governance is Good Business
75. SEC, Udo
Udoma And Corporate Governance: The Fact Files
76. Enabling Law – Investment and Securities Act (ISA)
2007
77. SEC Nigeria’s
Executed Rules and Regulations as at June 2017
78. SEC Nigeria’s
Consolidated Rules and Regulations as at 2013
79. Code of
Corporate Governance for Public Companies_4 April 2011
Related News on Oando from Other Sources
80.N236bn
Liability: Oando Shareholders Protest in Ibadan – Independent
81. Intel’s Volpi
Steps Up Battle Against Wale Tinubu over Control of Oando - ThisDay
82. Suspension of OANDO PLC – SEC
83. Oando
Shareholders Set To Sack Wale Tinubu, Board – Independent
84. Notice to the
General Public on Oando Plc –
SEC
85. So what’s
happening at Oando (2)? – Business Day
86. So what’s
happening at Oando (1)? – Business Day
87. The inside
story: Why SEC ordered a Forensic audit of Oando Plc – Business Day
88.Corporate
Stories: Under siege, the battle for Oando - Nairametrics
89. Oando and IAS
24: What the law cannot do by @Doubleeph - Nairametrics
Acknowledgement/Research Links
90. Securities
and Exchange Commission, Nigeria
91. The Nigerian
Stock Exchange
92. Oando Plc
93. Convention
for Business Integrity
94. Vetiva Capital Management Ltd
95. Oando’s Investors Relation Page
- TheAnalyst
96. Oando Plc
Audited Financial Statements – 2012
97. Oando Plc
Audited Financial Statements - 2013
98. Oando Plc
Audited Financial Statements - 2014
99. Oando Plc
Audited Financial Statements - 2015
100.
Oando Plc
Audited Financial Statements - 2016