newsheadlines247 : Caught in the Web: Oando declared dividends from unrealised profits, released false financial statements-SEC

Tuesday 24 October 2017

Caught in the Web: Oando declared dividends from unrealised profits, released false financial statements-SEC

Caught in the Web: Oando declared dividends from unrealised profits, released false financial statements-SEC

October 24, 2017

Nigerian oil firm, Oando Plc, allegedly declared dividends from unrealised profits and released false financial statements to the public before it was suspended by the Nigerian Stock Exchange, NSE, a correspondence sent to the oil firm by the Securities and Exchange Commission, SEC, shows.

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