Tinubu says Oando cooperating on forensic audit

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Oando PLC

The Group Chief Executive Officer of Oando Plc, Wale Tinubu, has said that the company was happy with the progress of the forensic audit being carried out by the Securities and Exchange Commission, SEC, The Sun reported.

Mr Tinubu stated this during an interactive session with the media on the sidelines of the commissioning of the company’s new office, ‘Wings Complex’, on Victoria Island, Lagos.

The Group Chief Executive Officer of Oando Plc, Wale Tinubu
Wale Tinubu, the Group Chief Executive Officer of Oando Plc. 

He stated that the company was co-operating with the relevant authorities in the audit, adding that every shareholder of the group has a right to be included in order to know what the company is made up of, and to participate in the governance structure in a bid to help it to deliver better returns to investors.

The Oando boss said the significance of the office complex, constructed between 2014 and 2017, was to build an environment that would serve as a long lasting Infrastructure for its head office, which would be environmental friendly and demonstrate the latest in building technology.

He disclosed that the initial plan was to use the site as a petrol station, adding that the decision was later jettisoned having realised that the company had built so many of such in the past.