Oando is a strong local company, why is SEC trying to undermine it?

Oando is a strong local company, why is SEC trying to undermine it?

Despite strong indications that Oando is an honest, properly run organization with shareholders who trust and believe in its leadership, the SEC have tried to undermine not just the company, but also foreign confidence in our economy. It’s time we begin to intentionally ask that the SEC become transparent about this probe and really mention what’s going on.

Since its shares began trading again, its witnessed an impressive rise in share price and shareholders are generally excited. Looking at all these, one begins to wonder what the essence of the probe is.

While the probe is ongoing, Oando also announced four profits in a row from its FYE 2016 results to its Q3 2017 results.  More recently the company commissioned its new office building, the Wings Office Complex, a two 12-story building which also offers a world-class indoor event space, a one-of-a-kind space that can hold up to 300 people and an outdoor waterfront area with a hosting capacity of 200 people and overlooks Lagos State’s waterways. The building will not only act as the company’s new state of the art head office but will also be an additional revenue generator from its 27,000m2 worth of lettable office space.

Oando is a strong indigenous company and we shouldn’t allow individual interests or the interest of a particular group to undermine what could be Nigeria’s brightest example of grit and enterprise.

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Ezeadichie Onyeka Michael is the Co-Founder of Haelsoft, a Professional Services Company in Nigeria that provides Information and Technology Services for small and big size companies in Nigeria(Africa). He is an Entrepreneur and Venture Capitalist with Expertise in Web Technology and Digital Marketing. He has developed & Implemented Digital Marketing Strategies(Campaigns) for top brands across sectors in Finance, Telecommunication, Ecommerce who operate in the African market. His professional experience includes key roles at Google Business Group(Nigeria), Google Women on the Web (Nigeria), Edubridge Consultant and Wild Fusion where he has trained over 500 Entrepreneurs on how to use various Web Technology products to succeed online. Customer centricity, User Experience, Conversion optimization are 3 pronged framework he applies around the often-frenetic world of web analytics to ensure that clients stay competitive in the market. He believes that investing in talent is the key to long term success for brands across Nigeria (Africa).

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