A friend in Oil and Gas told me that where you have an oil asset and you are not the operator. forget it you are on a long thing. Oando has no competence in the upstream. the whole connocophillips oil assets acquisition. was a mistake.

yom2:
i wonder what came out of that Canadian listing. at a time we were hearing oando this and oando that .And yet no profit in sight except stories and promises and right issues

The demystification of Bola Tinubu continues. On the last day in May 2019, the news broke out like a bombshell. The Securities and Exchange Commission, (SEC), announced that it had concluded its ‘investigation’ into the activities of Oando Plc and found its management culpable.

The SEC further announced that it was unilaterally ordering Oando’s Group Chief Executive Officer, Mr. Wale Tinubu, his deputy, Mr. Eyimofe Boyo and other identified board members, to resign and directed that an Extra-Ordinary General Meeting be convened to appoint new directors, on or before July 1, 2019.

Earth shattering! Ground breaking! A bombshell! Ordinarily, these terms are used as exaggerations. But on this occasion, they could even be said to be understatements.

But what is really happening here? As the late Afrobeat legend, Fela Kuti, sang in his song Overtake Don Overtake Overtake (ODOO), ‘people wey no know they happy, people wey know them dey look’. (Could that be where the late Bola Ige got the idea for his siddon look brand of politics?).

The truth is that on this issue, there is much more to what is happening than meets the eye. Much, much more.
You see, the Cabal are using Nasir El-Rufai to clip Bola Tinubu’s wings politically, and now they have moved on to the next stage of their 2023 long term strategy: clipping Bola Tinubu’s financial wings through the instrumentality of the Securities and Exchange Commission.

Many people do not know that the relationship between Bola Tinubu and his nephew, Wale Tinubu, the now erstwhile Chief Executive Officer of Oando, goes beyond just familial dealings. It runs much deeper. Much deeper than meets the apparent eye.

For instance, it is Wale Tinubu that introduced Babatunde Raji Fashola to his uncle, Bola Tinubu, eventually paving the way for Fashola to become his Chief of Staff while he (Bola Tinubu) was Governor of Lagos, and ultimately to make him (Fashola) his successor. The bond between Bola and Wale Tinubu runs deep!

Perhaps it is a coincidence that Wale Tinubu’s then burgeoning company, Ocean and Oil, acquired the Federal Government’s shares in Unipetrol in 2000, just a year after his uncle, Bola Tinubu, became governor. And perhaps it is not a coincidence. You do the math!
Those who think it is a coincidence that Nasir El-Rufai flippantly unleashed his salvo against Tinubu three weeks ago on May 4, 2019 and the Securities and Exchange Commission moved against Oando on the last day of May, need to do a little digging. I will help them.
Nasir El-Rufai and Oando have history together. Very long and deep history. You see, Nasir El-Rufai was the Director General of the Bureau of Public Enterprises when Wale Tinubu’s Ocean and Oil acquired Unipetrol’s shares.

I am a researcher and a very meticulous record keeper. I interview people and keep meticulous records of my interviews, because Nigeria is a dog eat dog environment, and you need to protect yourself if you are involved in Nigerian politics. And as far as I am concerned, the pen is mightier than the sword. Hence I keep records.

I interviewed a personnel of the Bureau of Public Enterprises, who was in their employment in a high ranking capacity at the time when Wale Tinubu and Eyimofe Boyo acquired Unipetrol.

This high ranking person’s documented testimony to me is that the duo initially came to acquire a hotel the Federal Government sought to divest from.

Nasir El-Rufai, according to my source, then asked Tinubu and Boyo why they would want to acquire a hotel when they were already involved in the oil and gas sector, albeit, as small players.

He encouraged them to bid for one of the oil companies then. They had not thought of that because they felt those things were for the big players who had godfathers (back then, Tinubu was not the Jagaban that he is today).

Well, to cut a long story short, the duo went back to their den and repackaged themselves, and to use a cliche, the rest is history.
I am adept at spotting patterns. As Bishop TD Jakes once said, ‘nothing just happens’. If you are not able to spot patterns, you will be so clueless in politics until the day that your enemies will shave your head in your absence (apologies to Chief MKO Abiola).
The fact that Nasir El-Rufai unleashed his salvo about cutting certain godfathers to size, three weeks ago in Lagos, and then this recent move by the Securities and Exchange Commission against a company that is only one degree separated from both El-Rufai and Tinubu, cannot be a coincidence. Not at all!

I will keep exposing these patterns. Unfortunately for these bloodsucking vampires who are retarding Nigeria’s growth, I am not within their reach, like Dele Giwa, so the only Letter Bomb they can send to me are spiritual arrows and my God is able to make every weapon formed or fashioned against me fall to the ground.

The move against Oando is Act 2, Scene 1, in the cabal’s Machiavellian plot involving the Fulani intelligentsia against an errant Yoruba warlord. It is the tragedy of Alimi and Afonja all over again. Sadly, someone is repeating history because he does not realise that the devil has no new tricks. What the devil does is what the devil has always done since he started his mischief making from the Garden of Eden.

Bola Tinubu has been caught in an old South Indian Monkey Trap!
In the American writer and philosopher, Robert Maynard Pirsig’s seminal book, ‘Zen And The Art Of Motorcycle Maintenance’, (published in the year of my birth, so it holds a special significance for me), the author describes how Indians catch a monkey using an ancient Monkey Trap.

According to Pirsig, the trap “consists of a hollowed-out coconut, chained to a stake. The coconut has some rice inside which can be grabbed through a small hole”.

The monkey’s hand fits through the hole, but his clenched fist can’t fit back out. “The monkey is suddenly trapped.”
The Fulani intelligentsia (which I greatly admire and studiously research) trapped Bola Tinubu in their Monkey Trap by giving him the promise of a future impossible or future possible Presidency. As long as Bola Tinubu’s fist is clenched on that promise, he can never escape their trap. He thus, remains beholden to them in a way that Olusegun Obasanjo never was and never will be.

As a result of this trap, Bola Tinubu will stay where he has been placed, and allow himself be subjected to whatever disgrace and insult his trappers choose to mete out on him. Sadly, he is a victim of his own inordinate lust for power.

This is the same thing that another branch of the Fulani intelligentsia did in the banking sector using the then Governor of the Central Bank if Nigeria, Sanusi Lamido Sanusi (who is now getting his own comeuppance as Kano’s emir) to upend those they felt had grown wings by becoming too big for their breeches.

For the above, I refer my readers to Mrs. Cecilia Ibru’s recent interview on the above subject matter (Sanusi persecuted me as he thought I wanted his job at CBN – Cecilia Ibru, Punch Newspapers, May 11, 2019).

The problem with Southern Nigeria, and specifically, people like Bola Tinubu, and Samuel Ladoke Akintola before him, is that, while the North preserved and still uses the leadership ethos they learnt from their leaders, such as Shehu Uthman Dan Fodio (one of my mentors) and Sardauna Ahmadu Bello (another mentor of mine), Southerners on the other hand have jettisoned the wisdom of their own sages, like Obafemi Awolowo, Nnamdi Azikiwe, Bishop Samuel Ajayi Crowther, and yes, Olusegun Obasanjo.
That is why we keep repeating history and instead of accepting responsibility for this, we prefer to blame history for repeating itself.


https://www.thisdaylive.com/index.php/2019/06/02/bola-tinubu-caught-in-a-monkey-trap/?amp

SEC Lists 9 Major Sins of Oando, Imposes N417.7m Fine
https://businesspost.ng/2019/06/02/sec-lists-9-major-sins-of-oando-imposes-n417-7m-fine/

Oando...Wanajo is a legend....he fought many battles against Oando in SMN

For me...Oando increased my vocabulary REVERSED TAKEOVER

I am still thinking what it means

One dude said that in Nigeria, people live by scamming each other...scamming and out-scamming each other

Dangote scams the system to become a monopoly
Orji Uzor Scaming Abian
Senators and Reps scamming us with constituency projects
Banks scamming us with charges,hidden charges
Companies paying dividends and next quarter move to borrow or raise funds
Registrars dodging your e-dividend mandates to use your money in treasury bills
DISCOs sending you estimated bills

Scams all through

gamaliel9:
Oando...Wanajo is a legend....he fought many battles against Oando in SMN

For me...Oando increased my vocabulary REVERSED TAKEOVER

I am still thinking what it means

One dude said that in Nigeria, people live by scamming each other...scamming and out-scamming each other

Dangote scams the system to become a monopoly
Orji Uzor Scaming Abian
Senators and Reps scamming us with constituency projects
Banks scamming us with charges,hidden charges
Companies paying dividends and next quarter move to borrow or raise funds
Registrars dodging your e-dividend mandates to use your money in treasury bills
DISCOs sending you estimated bills

Scams all through

https://punchng.com/sec-sets-up-interim-management-team-for-oando/



the commission hereby informs the public of the constitution of an interim management team headed by Mr Mutiu Olaniyi Adio Sunmonu CON, to oversee the affairs of Oando Plc, and conduct an Extraordinary General Meeting on or before July 1, 2019, to appoint new directors to the board of the company, who would subsequently select a management team for Oando Plc.

Our attention has been drawn to an unsigned document circulating online addressed to
the Securities and Exchange Commission (SEC) and allegedly from the Chairman of
Oando PLC (the ‘Company’ or ‘Oando’).
We would like to use this medium to inform the general public that the Company has not
officially released a statement or letter in response to the SEC.
We urge the general public to be aware.
Ends.

I LEARNT SO MUCH FROM THIS SPLENDID FELLOW.

https://www.nairaland.com/3560501/holineness-righteousness-revival-messages-bible/22#78969493

phemmie06:
Our attention has been drawn to an unsigned document circulating online addressed to
the Securities and Exchange Commission (SEC) and allegedly from the Chairman of
Oando PLC (the ‘Company’ or ‘Oando’).
We would like to use this medium to inform the general public that the Company has not
officially released a statement or letter in response to the SEC.
We urge the general public to be aware.
Ends.

Oando has denied all the circular responding to SEC

phemmie06:



Oando has denied all the circular responding to SEC

The same person that signed the first circular published on NSE corporate disclosure site, also signed this denial/disclaimer. Who are they playing

phemmie06:



Oando has denied all the circular responding to SEC

They are now denying. No mind them. SEC is revenge crazy and knows no chill this time. An Interim Management has been set up.

The fraudsters won't have any basis for issuing any further statement. Mcheeeeew!

Mpeace:
The same person that signed the first circular published on NSE corporate disclosure site, also signed this denial/disclaimer. Who are they playing

Don't mind them, maybe they are having second thought

phemmie06:
Our attention has been drawn to an unsigned document circulating online addressed to
the Securities and Exchange Commission (SEC) and allegedly from the Chairman of
Oando PLC (the ‘Company’ or ‘Oando’).
We would like to use this medium to inform the general public that the Company has not
officially released a statement or letter in response to the SEC.
We urge the general public to be aware.
Ends.

I'm sure they have been advised that there is no way out during the horse trading over the weekend, hence all the hasty pre-Monday denials.

DaV8King:


I'm sure they have been advised that there is no way out during the horse trading over the weekend, hence all the hasty pre-Monday denials.

Lol

Cadillac15:
https://punchng.com/sec-sets-up-interim-management-team-for-oando/

Nice

SEC Appoints Sunmonu to Head Interim Management for Oando
https://businesspost.ng/2019/06/03/sec-appoints-sunmonu-to-head-interim-management-for-oando/

SEC Unions prevent Gwarzo's resumption

https://investadvocate.com.ng/2019/06/03/sec-shut-down-by-workers-union-ahead-of-gwarzos-planned-resumption/

DaV8King:
SEC Unions prevent Gwarzo's resumption

https://investadvocate.com.ng/2019/06/03/sec-shut-down-by-workers-union-ahead-of-gwarzos-planned-resumption/

Drama everywhere

Yayira:


Drama everywhere

These drama is not healthy for our mrkt.

So na de same united securities be mtn registrars. Na wa oh. Double wahala for dead body.

DaV8King:
SEC Unions prevent Gwarzo's resumption

https://investadvocate.com.ng/2019/06/03/sec-shut-down-by-workers-union-ahead-of-gwarzos-planned-resumption/

What do you expect heads will roll if he resumes

Mpeace:
So na de same united securities be mtn registrars. Na wa oh. Double wahala for dead body.

Wàhálà! But I guess once they have the signature specimen the wàhálà will be over

Mpeace:
The same person that signed the first circular published on NSE corporate disclosure site, also signed this denial/disclaimer. Who are they playing

They realised releasing the earlier statement was wrong.

Instead of retracting it, they decide to deny.

DAILY STOCK MARKET GUIDE FOR 3 JUNE 2019

Caution is the watchword for the new week beginning 3 June 2019. It supposed to be a week of celebration but the Oando issue, falling oil price & MSCI on the selling side likely to usher in the bear to the next level in an already tense market!!!

I was very happy when I saw the post of someone selling one stock at stage 3 1/2 (three and half), that is a superlative performance. It means we are catching the spirit of this stage analysis thing. for this reason I am posting the stage analysis for major equities. For some of the stages you may dispute, especially on stage 3 and one; it is okay, just go back to Stan Weinstein's book and check again ( if your are sure you are right okay). Stan himself pointed out that they can be differences in some instances, but are you sure you are doing it the right way?

Data used are assumed to be correct. However, you may want to verify the data from an appropriate source. Also, Institutions can afford to suffer big losses without going burst compared with an individual, you cannot follow them blindly (you need to at least have some knowledge/your own plan). This document remains the personal property of Target technical analysis (https://twitter.com/AnalysisTarget) and is not to be distributed without our authorization.

OANDO full offer

onegentleguy:



That means u probably didn't understand the post.
Look @ the part in bold and try to align it with the full context of the quote. Note the use of the word "than", in the clause... "his pathways was built around the PAST than the future."
In retrospect, its not that u should'nt recall or make reference to the past, but u should'nt FOCUS too much on it.
...otherwise, the PRESENT will leave u behind and u'll miss out on the future.(building/increasing ur gains/ROI)

U seem to me like someone with a healthy cashflow to play around with. ...but whether in fact, u can do that effectively is a different ball game. I'll suggest u define u and plot a workable strategy that'll be unique to u.

FOCUS more on the PRESENT my dear.
But if u wish to continue to wallow in the past, then be my guest !!

As for the FLOURMILLS coy u mentioned, perhaps the post above might be of help.
That coy is presenting u with a great gift @ current market price. But only he who can spot the VALUE beyond that price can see it !!
We shall revisit when the time is right.

Cheers.

Hey Man, I am interested in your analysis of the market.

What models do you use to arrive at FVE for trading companies (stock).

Thanks for letting me know.

Oando office sealed off by security forces

by Boason Omofaye

Tolktob:
Oando office sealed off by security forces

by Boason Omofaye

the game just started. We go load this one at .66

Oando on full offer!