Oando PLC, a prominent Nigerian energy company, has firmly denied recent allegations circulating on social and digital media platforms.
In a statement issued on Friday by Ayotola Jagun, Chief Compliance Officer and Company Secretary, obtained by The Explainer, the company refuted claims of being a shareholder in Raz Hansir Oil Terminal Limited. This Maltese company is allegedly responsible for importing adulterated petroleum products into Nigeria and has been linked to Oando PLC.
Jagun stated, “We wish to refute such claims and attest that neither Oando PLC nor its Executives have ever held shares, investments, or interests in the fictitious Maltese company.
“Our search yielded no results for a company bearing that name. Subsequent due diligence efforts similarly failed to uncover any record of the company’s existence,”
The company emphasized its commitment to transparency, stating, “As a publicly listed company, any corporate actions, such as acquisitions, are declared publicly in accordance with applicable corporate governance Laws and Rules.”
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The energy giant urged media outlets to verify information before publication, particularly concerning publicly traded companies.
“To prevent misinformation and confusion among investors, as well as our other stakeholders, we implore all members of the Press to take adequate steps to ensure the veracity of reports by fielding all enquiries with Oando PLC Corporate Communications department,” the statement added.
Oando PLC’s securities are traded daily on both the Nigerian Exchange Group (NGX) and Johannesburg Stock Exchange (JSE).
