…Oando was forced to refute the claim following intense media allegations of it and its Principals being Board members, in the Maltese company, Raz Hansir Oil Terminal Limited
SAT JULY 27 2024-theGBJournal| Oando Plc, Nigerian multinational energy company Friday, refuted claims that neither Oando PLC nor its Executives have ever held shares, investments, or interests in the ”fictitious” Maltese company, Maltese Oil Storage & Blending Facility, Ras Hansir Oil Terminal Limited.
Oando was forced to refute the claim following intense media allegations of it and its Principals being Board members, in the Maltese company, Raz Hansir Oil Terminal Limited that operates an oil storage and blending facility, and is purportedly responsible for importing adulterated petroleum products into Nigeria.
”As part of a comprehensive investigation into the basis of the false claims, we conducted a search of the Malta Business Registry, the official repository for all registered entities past and current within the country. Our search yielded no results for a company bearing that name.
Subsequent due diligence efforts similarly failed to uncover any record of the company’s existence,” Oando said in a statement seen by theG&BJournal, and signed by its Company Secretary, Ayotola Jagun.
”We therefore believe that the false claims are of the malicious intent of misleading the public and our stakeholders,” Oando added.
Oando reiterated that as a publicly listed company, ”any corporate actions, such as acquisitions, are declared publicly in accordance with applicable corporate governance Laws and Rules.”
Oando noted that it is imperative that information released about a publicly quoted company such as Oando, is thoroughly researched and deemed accurate before it is published in the public domain.
”The company’s securities are traded daily across two exchanges (NGX and JSE). To prevent misinformation and confusion among investors, as well as our other stakeholders, we implore all members of the Press to take adequate steps to ensure the veracity of reports by fielding all enquiries with Oando PLC’s Corporate Communications department,” Oando said.
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