The successful conduct of the 40th annual general meeting (AGM) of Oando Plc on Monday has been described as a good development that would impact positively on the operations of the company going forward.
The founding National Coordinator of the Independent Shareholders Association of Nigeria (ISAN), Sir Sunday Nwosu, stated that he was excited at the outcome of the meeting.
While the meeting was going on in Ibom Hall, Uyo, AkwaIbom State, there was a protest outside the venue by some aggrieved shareholders, under the aegis of Oando Shareholders Solidarity Group. However, Oando Plc had said in a statement that all shareholders were allowed access to the venue to raise their legitimate concerns to management and the Board.
According to the company, the protest lost steam after 15 minutes as the protesters quietly dispersed without causing any disruption to the AGM.
“However before dispersing key representatives of the shareholder associations addressed the protestors…