Thursday, April 12, 2018 / 09:26
AM / SEC
of Oando Plc were placed on technical suspension in October 2017 upon the
announcement of forensic audit which aimed to protect investors as a short term
are typically intended for a short period to ensure market stability and
thereafter lifted to allow market dictates.
the suspension of the shares of Oando plc was prolonged due to several
litigations by Oando and other shareholders contesting the propriety of the
forensic audit and technical suspension.
have now been withdrawn, the independent forensic audit by Deloitte is ongoing
and the primary result is expected.
the SEC directed the NSE to lift the technical suspension and allow market
determination of the share price.
Commission acted in the interest of shareholders and would continue to protect
the interest of all the investors and other shareholders in the capital
will update relevant stakeholders on the outcome of the forensic audit
and Exchange Commission, Nigeria