Oando, Nigeria’s leading energy solutions provider confirmed that it will release its 2019 audited financial statement at the end of Q1 2022. In a statement issued on Wednesday, February 2, the company explained that its financials were earlier delayed as a result of the then indefinite suspension of the Company’s 2018 Annual General Meeting, AGM.
To the delight of shareholders, when Oando held it subsequently held its 42nd Annual General Meeting (AGM) August 2021 at the long-awaited 42nd Annual General Meeting at the Wings Office Complex, Victoria Island, Lagos. The shareholders appointed Ernst & Young as auditors of its 2019 financials.
Consequent to the audit and filing of its 2019 financials, Oando has explained that it will hold its 43rd AGM where it will propose that shareholders appoint an auditor for the filing of its 2020 and 2021 audited financial statements rather than having two separate AGMs for this purpose, all towards mitigating any further delays in the release of its financials. In this regard the company is confident that it will be in full compliance with its regulatory requirements regarding its Annual Financial Statements and Unaudited Financial Statements by the end of December 2022.
It would be recalled that during his address and response to shareholders observations and inquiries at the AGM last year the Chief Executive, Jubril Adewale Tinubu, commented on the financials and quarterlies pending release and publishing since 2018.
He assured that there would be rapid disclosure information as the company would be rounding up with the audit and release of the financials from 2019 to 2020, after which the company will be prepared and ready to be compliant by June of 2022 to provide 2021 financials as at when due.
