Oando Vs Securities & Exchange Commission: Oil Firm Secures Fresh Court Order To Quash SEC Sanction | Sahara Reporters

Nigeria News News

Oando Vs Securities & Exchange Commission: Oil Firm Secures Fresh Court Order To Quash SEC Sanction | Sahara Reporters
Nigeria Latest News,Nigeria Headlines
  • 📰 SaharaReporters
  • ⏱ Reading Time:
  • 51 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

.Oando_PLC Vs Securities & Exchange Commission: Oil Firm Secures Fresh Court Order To Quash SEC Sanction | Sahara Reporters The court also granted leave to the company to apply for an order of certiorari for the quashing of SEC’s directive... READ MORE:

The Federal High Court in Ikoyi, Lagos has granted leave to Oando Plc to file a motion for a judicial review of the Securities and Exchange Commission decision imposing a fine of N89,675,000 on it.

The leave granted by the court also permited Oando Plc to apply for “an order of prohibition and/or an injunction restraining and preventing the first and second respondents by themselves, agents, servants or whomsoever, howsoever from enforcing or seeking to enforce the decision contained in the letter dated 31 May 2019”, “an order of prohibition and/or an injunction restraining and preventing the second respondent from enforcing or seeking to enforce the decision of the first respondent...

Justice Faji directed Oando to ensure service on the respondents of the order and the application for judicial review within 48hours. SEC had on May 31 announced the conclusion of an investigation of Oando and ordered its Group Chief Executive Officer Mr Wale Tinubu, his deputy Mr Omamofe Boyo other affected board members to resign.SEC subsequently set up an interim management team headed by Sunmonu to oversee Oando’s affairs and to conduct an Extraordinary General Meeting on or before July 1.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

SaharaReporters /  🏆 9. in NG

Nigeria Latest News, Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Nsima Ekere vs Udom: What court decided on Monday - Daily Post NigeriaNsima Ekere vs Udom: What court decided on Monday - Daily Post NigeriaThe Akwa Ibom State Governorship Petition Tribunal sitting in Uyo has adjourned the cross examination of witnesses in a case between Governor Udom Emmanuel
Read more »

Nigeria vs South Africa: Super Eagles leave for Cairo - Daily Post NigeriaNigeria vs South Africa: Super Eagles leave for Cairo - Daily Post NigeriaPlayers and coaches of the Super Eagles, on Monday, departed their Helnan Palestine base in Alexandria for Cairo, the capital of Egypt. Nigeria have so far
Read more »

Argentina vs Chile: Lionel Messi shown straight red card in Copa America semi-final - Daily Post NigeriaArgentina vs Chile: Lionel Messi shown straight red card in Copa America semi-final - Daily Post NigeriaArgentina captain, Lionel Messi, was shown a straight red card, during their Copa America semi-final win against Chile on Saturday. The Barcelona superstar
Read more »

Nigeria Vs Cameroon: Adepoju tells Super Eagles what to do next - Daily Post NigeriaNigeria Vs Cameroon: Adepoju tells Super Eagles what to do next - Daily Post NigeriaMutiu Adepoju, ex-international and former Super Eagles midfielder, has hailed Nigeria on their victory over Cameroon at the 2019 AFCON. He, therefore, cal
Read more »

Nigeria vs Cameroon: Rohr reveals what he told Super Eagles players at half time - Daily Post NigeriaNigeria vs Cameroon: Rohr reveals what he told Super Eagles players at half time - Daily Post NigeriaHead coach of the Super Eagles, Gernot Rohr, has said he encouraged his team not to give up at half time, during their 3-2 win over Cameroon on Saturday. O
Read more »



Render Time: 2025-02-12 00:20:43