• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Sunday, July 6, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Natural Resources

Shareholders reinforce confidence in Oando management

Oando

The Matters Press by The Matters Press
August 11, 2022
Reading Time: 2 mins read
0
Oando vows to challenge SEC’s ruling on audit

Oando

Shareholders of Oando Plc have reinforced confidence on the management of the company while urging the government to work with stakeholders to tackle the challenges facing the oil and gas industry.

RELATED POSTS

Atiku’s mockery of Nigeria over Trump’s invitation to 5 African nation, a display of poor knowledge of global affairs

Nigeria’s new flood insurance policy laudable, needs quick application, says TMSG

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

A statement posted on Oando’s website said the shareholders made this known at the 43rd Annual General Meeting (AGM) of the company held on Wednesday in Lagos.

The statement said the shareholders were represented by proxies of their various associations at the AGM in line with the COVID-19 safety protocols.

According to the statement, all resolutions proposed at the meeting were approved including the election of Mrs Nana Mede and Mrs Ronke Shokefun as Non-Executive Directors.

Also approved were the election of Adeola Ogunsemi as an Executive Director, the re-election of Ike Osakwe, Ademola Akinrele and Dr Ainojie Irune as Directors, the election of audit committee members and the approval of the remuneration of Non-Executive Directors.

The shareholders commended Oando’s management for appointing two women to the board of directors.

Mr Patrick Ajudua, an Oando shareholder said, “I want to commend the management for the appointment of Shokefun and Mede as directors, and we hope that they will bring value to us.”

Similarly, another shareholder, Dr Farouk Umar, said he was happy with the development and thanked the board for the appointment of the duo.

The shareholders also expressed concern over the issue of insecurity in the country such as vandalism, banditry, and terrorism amongst others.

They implored the government to partner with various stakeholders both in the public and private sectors to resolve this issue which they described as crippling the economy.

A shareholder, Mr Patrick Ajudua said: ” I’m worried about the issue of oil theft. This implies that the company is losing so much money to oil theft.

“This also makes it difficult for the country to meet the Organisation of the Petroleum Exporting Countries quota and negatively impacts our Gross Domestic Product.

“I applaud the approach by the Nigerian Maritime Administration and Safety Agency using their aircraft to track vandalism.

“I believe that when various stakeholders join forces, we’ll have a resolution to this issue.”

He reaffirmed his support to Oando management saying, “I want to assure you of our support to Oando and once we can solve these lingering issues of oil theft, we will be able to enjoy the fruit of our labour.”

Also, the leaders of the various shareholders and proxies encouraged Oando’s management to focus on corporate actions that would be beneficial to all.

In response to shareholders statements, the Group Chief Executive, Oando Plc, Mr Adewale Tinubu, reaffirmed the management’s commitment to continually do what’s in the best interest of shareholders.

Tags: Oando
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

Drop your frustration, let President Tinubu be, Group picks on Atiku
Economy/Technology

Atiku’s mockery of Nigeria over Trump’s invitation to 5 African nation, a display of poor knowledge of global affairs

July 5, 2025
Veritas Kapital’s total assets hit N21.4bn
Economy/Technology

Nigeria’s new flood insurance policy laudable, needs quick application, says TMSG

July 4, 2025
Salvaging basic education from ruins of Boko Haram war in Borno
Economy/Technology

Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

July 3, 2025
Group hails Presidential Council initiative, welcomes President Tinubu’s N2tn stabilisation package
Economy/Technology

Nasarawa showcases efficient use of fuel subsidy savings, exposes futility of Tinubu’s opposition’s mischief – TDF

July 1, 2025
Property owners besiege FCT office to pay ground rent
Economy/Technology

Transformational in FCT in line with Tinubu’s Renewed Hope agenda

June 30, 2025
China’s agricultural wholesale products prices continue to drop
Agriculture

Ignore Atiku’s claim to dilute historic mechanised farming deal with Belarus

June 29, 2025
Next Post
Nigeria suspends mining in Zamfara

Illegal mining irks South Africa lawmakers

SFS capital breaks into retail space with mobile application

SFS capital breaks into retail space with mobile application

Recommended Stories

Increasing food production excites Uganda

Nigeria focuses agriculture as priority to boost revenue as woes in oil persist

September 15, 2020
FIRS generates N4.2tn in 10 months

FIRS generates N309bn from education tax

November 10, 2022
Consumer commission, CBN, EFCC investigate violations in money lending

Robust CBN will attract investors, confidence – Economists

June 14, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Atiku’s mockery of Nigeria over Trump’s invitation to 5 African nation, a display of poor knowledge of global affairs
  • Nigeria’s new flood insurance policy laudable, needs quick application, says TMSG
  • Nigeria’s approval of dual NCE, B.Ed degrees in 15 colleges of education a good omen

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us