The Sun News

Protesters at Oando AGM not shareholders – ISAN boss

National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Sir Sunday Nwosu, has stated that the protest that occurred outside the venue of Oando’s Annual General Meeting (AGM) held in Ibom Hall, Uyo, Akwa Ibom State, on Monday, September 11, 2017 was carried out by non-shareholders.

The ISAN boss who attended the AGM alongside other members of the association, and stakeholders in the capital market including representatives of the Securities and Exchange Commission (SEC), explained that no genuine shareholder of Oando Plc was among the protesters.

Nwosu noted that the protesters, who chanted outside Ibom Hall for about 15 minutes, dispersed after he engaged them and advised that they write officially to Oando’s Company Secretary if they had genuine complaints.

Nwosu said, “the AGM was very successful, nothing more. We discussed all the issues that needed to be discussed and we voted to keep the management and the board. The protest that happened outside the venue was carried out by non-shareholders who did not have any business being there in the first place.  “I went out and spoke with the protesters and it turned out that there was no shareholder among them and therefore they could not gain access into the meeting. I told them that if they were shareholders, they would have known that the right way to raise their concerns about Oando is to officially write to the company secretary. The protest did not disrupt the meeting in anyway.”

According to him, these paid protesters’ stunt is in line with recent activities that seem determined to damage the Oando brand, evict Wale Tinubu and destroy the company merely for the personal reasons of one shareholder.


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