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Oando Plc Enters into Settlement with SEC

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Oando Plc Enters into Settlement With SEC - Oriental News Nigeria Oando Plc has entered into a settlement with the Securities and Exchange Commission in the overriding interest of the shareholders of the Company and the capital market.   This was contained in a Circular released by the SEC in Abuja Monday and signed by the Management of the Commission.   According to the Circular, the company has reached a settlement with the Commission without accepting or denying liability, on the following terms amongst others: Immediate withdrawal of all legal actions filed by the Company and all affected directors; Payment of a monetary sum; and an undertaking by the Company to implement corporate governance improvements.

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