BRIEF-Oando Says Federal High Court Of Lagos Grants Co Injunction

Published 04/06/2019, 13:29
Updated 04/06/2019, 13:30
BRIEF-Oando Says Federal High Court Of Lagos Grants Co Injunction

June 4 (Reuters) - Oando PLC OANDO.LG :
* JSE: OAO - FEDERAL HIGH COURT OF LAGOS GRANTS OANDO
INJUNCTION
* OANDO - COURT GRANTS CO'S CEO AND DEPUTY CEO AN INJUNCTION
RESTRAINING SECURITIES AND EXCHANGE COMMISSION FROM EXECUTING
SANCTIONS
* OANDO-ORDER STAYING &/OR SUSPENDING EXECUTION/ENFORCEMENT
OF
SEC'S DECISIONS CONTAINED IN LETTER IMPOSING FINE OF N91.1
MILLION ON JUBRIL ADEWALE TINUBU
* OANDO PLC - ORDER BARS BOTH JUBRIL ADEWALE TINUBU AND
OMAMOFE
BOYO FROM BEING DIRECTORS OF PUBLIC COMPANIES FOR A PERIOD OF 5
YEARS
* OANDO PLC - INJUNCTION GOES ON FURTHER TO SAY THAT ALL
PARTIES
INVOLVED ARE TO MAINTAIN STATUS QUO PENDING DETERMINATION OF
MOTION ON NOTICE

Source text for Eikon: ID:nJseD0002a
Further company coverage: OANDO.LG

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.