**Says Company on Right Track
By Dipo Olowookere
Group Chief Executive Officer of Oando Plc, Mr Adewale Tinubu, has assured shareholders of the company that his team will continue to ensure their (shareholders) interests are always protected.
Mr Tinubu gave this assurance at the 41st Annual General Meeting (AGM) of the energy company in Lagos on Friday.
In a statement issued by Oando, the chief executive was quoted as reassuring shareholders of the firm of management’s commitment towards creating value for the shareholders.
“We are pleased that your company has shown resilience during the difficult times and is now on track for sustained growth.
“We will continue to evolve in the energy space to ensure that even when today’s energy product becomes less attractive, we have already made the investment for tomorrow.
“The interest of you, our esteemed shareholders, is paramount to us and we remain focused on growing profitability to ensure adequate returns accrue to you,” Mr Tinubu said at the event.
Business Post reports that at the yearly event, shareholders of the firm received and approved the audited financial statements of the company and of the group for the year ended December 31, 2017.
They further received and approved the Reports of the Directors, Auditors and Audit Committee.
Also, the shareholders reappointed Ernst and Young (Nigeria) as auditors of the company and the directors were authorized to fix their remuneration.
In addition, the duo of Mr Bukar Goni Aji and Mr Muntari Zubairu were elected to the board of directors of the company with effect from January 19, 2018.
Oando is Nigeria’s leading indigenous energy group listed on both the Nigerian and Johannesburg Stock Exchange.
