https://googleweblight.com/i?u=https://www.thisdaylive.com/index.php/2018/01/24/sanusi-mangal-cant-stop-forensic-audit-oando-shareholders-insist/&hl=en-NG
Sanusi, Mangal Can’t Stop Forensic Audit, Oando Shareholders Insist
January 24, 2018

Chika Amanze-Nwachuku
The mediation by the Emir of Kano, Muhammadu Sanusi II, in the dispute between Oando Plc and one of its aggrieved shareholders, Alhaji Dahiru Mangal, cannot stop the planned forensic audit of the Nigerian energy firm as directed by the Securities and Exchange Commission (SEC), the Oando Shareholders’ Solidarity Group (OSSG) has said.

OSSG coordinator, Clement Ebitimi, said in a statement yesterday that while the group was not against the “peace accord” reached by the management of Oando with Alhaji Mangal, as brokered by Sanusi, the issue of the forensic audit has to do with financial mismanagement, insider dealings, abuse of corporate governance tenets and infractions with regards to the Investment and Securities Act (ISA).
Ebitimi said: “For the avoidance of doubt, the forensic audit of Oando ordered by SEC is not about Alhaji Dahiru Mangal. The audit is about the series of infractions of the Investment and Securities Act (ISA) 2007 uncovered in the company by a preliminary investigation ordered by SEC.
“SEC’s preliminary findings established serious infractions to the existence of corporate governance, gross abuse of corporate governance, and a series of manipulations and financial mismanagement in Oando Plc.
“The alleged infractions include breach of the SEC Code of Corporate Governance; breach of ISA 2007 on disposal of Oando Exploration & Production Limited (OEPL) by Oando Plc 2013; breach of ISA 2007: misstatements in the 2013 and 2014 audited financial statement of Oando Plc arising from the OEPL transaction; breach of ISA on misleading information contained in Oando Plc’s 2014 rights issue circular; breach of SEC rules and regulations on payment of dividends; and the auditor’s doubt over the ability of Oando to continue as a going concern.

currentprice:


i agree they are 2 different pple. Dexter have that kind of complex analysis which i don't even understand most time until i check on investopedia
i didn't understand his analysis on okomo oil at N26 and i miss it. his analysis on stock was always above my understanding

when it comes to argument. you will like to stay glue to your screen because alot to gain from him " Dextex vs KOD" ubcap thread on SMN

Dexter was here before he joined SMN, same person

Intendy:
stocks with new 52 week highs

ccnn #17.90k

Uac properties #3.20k

Na only two waka come? Or you are still compiling

Agbalowomeri:


Dexter was here before he joined SMN, same person

yes it took him long time to join SMN. he is nsemp member. he gave that okomu oil analysis here

currentprice:


yes it took him long time to join SMN. he is nsemp member

I.think he is with Nairametrics

Investnow2017:

CONFESSION:

A while ago I tried to print out today's Pricelist, my RED INK almost got finished Blood of NSE

RabbiDoracle:


I.think he is with Nairametrics

i doubt but he have contact with owner so as KOD

currentprice:


i doubt but he have contact with owner so as KOD

I'm aware they were both there with Ugo.

RabbiDoracle:


I'm aware they were both there with Ugo.

i agree i just re-read your post. thought u said he owns Nairmetric. i think the owner discover him here

RabbiDoracle:


I'm aware they were both there with Ugo.

Na you pursue Ugo comot for SMN
Abi na the taxi driver; one of you

Agbalowomeri:


Na you pursue Ugo comot for SMN
Abi na the taxi driver; one of you

You like digging into history? Don’t change your name to Agbatrouble

currentprice:


i agree i just re-read your post. thought u said he owns Nairmetric. i think the owner discover him here

@currently u don see the revert?

#PM

onegentleguy:


@currently u don see the revert?

#PM

Thanks bro, you too much

currentprice:


Thanks bro, you too much

#CODE 101
#BELIEVE

The market has a way of bringing back people to their senses.
Just a little tweak and everybody is humble
An opportunity for value investors to pick some good stocks at relatively fair price.

Bought back DF today and also added more units of UCAP to my bags.

currentprice:


i doubt but he have contact with owner so as KOD

Is KOD on this thread. He gave some useful analysis especially when he is talking equities.

pluto09:
The market has a way of bringing back people to their senses.
Just a little tweak and everybody is humble
An opportunity for value investors to pick some good stocks at relatively fair price.

Bought back DF today and also added more units of UCAP to my bags.

...Correct man !!

#STILLCODE101
#JUSTBELIEVE

onegentleguy:




#CODE 101
#BELIEVE

#BELIEVE
#NEXT DAY REAL TRICKY DAY
#RED IN THE MORNING FINISH WITH ALL GREEN

currentprice:

#BELIEVE
#NEXT DAY REAL TRICKY DAY
#RED IN THE MORNING FINISH WITH ALL GREEN

Make una dey talk greek as I dey here dey sip my garri ijebu

currentprice:

#BELIEVE
#NEXT DAY REAL TRICKY DAY
#RED IN THE MORNING FINISH WITH ALL GREEN

pluto09:
The market has a way of bringing back people to their senses.
Just a little tweak and everybody is humble
An opportunity for value investors to pick some good stocks at relatively fair price.

Bought back DF today and also added more units of UCAP to my bags.

I see some stock reversing tmoro. stocks like Fbnh,gtb and some others

Agbalowomeri:
This oil should stay above 70 today o

exactly $70 as at 1551hrs (my time zone)

Agbalowomeri:


Make una dey talk greek as I dey here dey sip my garri ijebu

...But u nah our oga at the top now. ...no language when u no go fit understand !!

Kevostica:


I see some stock reversing tmoro. stocks like Fbnh,gtb and some others

Dem lose before?

pluto09:
The market has a way of bringing back people to their senses.
Just a little tweak and everybody is humble
An opportunity for value investors to pick some good stocks at relatively fair price.

Bought back DF today and also added more units of UCAP to my bags.

I see some stock reversing tmoro. stocks like Fbnh,gtb,access and uba

onegentleguy:


...But u nah our oga at the top now. ...no language when u no go fit understand !!

Where i school, the department of communication and language art dey very far from my department; in fact, that only once I pass there towards department of law and I am sure you know what my mission there would have been

I wan begin trade oil futures; the minute-by-minute candles are fascinating

Intendy:
stocks with new 52 week highs

ccnn #17.90k

Uac properties #3.20k

CCNN how far na? abi na shakara.

ok na kontinuu

Agbalowomeri:
I wan begin trade oil futures; the minute-by-minute candles are fascinating

chai! you are highly welcome boss. i go learn more from you

i trade crude oil daily and making good gain

when you said oil is going to end $70 today i understand you knew of the news by 3.30pm which plan to trigger the price upward

Agbalowomeri:


Where i school, the department of communication and language art dey very far from my department; in fact, that only once I pass there towards department of law and I am sure you know what my mission there would have been

Cc: yariya

bigjay01:


CCNN how far na? abi na shakara.

ok na kontinuu

Some stocks no dey like to make noise.
Prof ' concentrated center of no nonsense is doing great