Forget the reconciliatory stories flying up and down, YES INTERNATIONAL! Magazine has it on good authority that all is still not well with the Wale Tinubu-led Oando Plc.
According one insider, ‘what currently obtains at Oando is peace of the graveyard and that is why many of us still believe that Wale Tinubu can’t sleep with both eyes closed yet!’
Shedding more light on the challenges of Oando, the insider asked, ‘hope you heard about the protest by some alleged shareholders of the company on Monday, September 11, 2017, in Uyo, Akwa Ibom State? This was during the company’s 40th Annual General Meeting.
‘Before that, two shareholders of the company, Ansbury Inc and one Alhaji Dahiru Managal, had petitioned the Securities and Exchange Commission (SEC) alleging irregularities and discrepancies in the running of Oando.’
There are also said to be other issues, with underground moves currently ongoing to resolve them.
Commenting on their travails during the AGM, however, Mr. Tinubu had defended himself thus, ‘As a reputable company, our approach is not to respond to every allegation in the media, allegations need to be delivered to the company in a particular format before we can respond. The petitioners requested a postponement of our AGM, but we provided SEC with all the information required and we were cleared to hold the AGM.’
Promising the shareholders a better and more rewarding future, those who claim to know, nonetheless, still nurse doubts, especially as they concern some aggrieved parties who are yet to be properly assuaged.