Oando Names Bukar Aji, Ex-HoSF, Non-Executive Director
Barely hours after Monday’s announcement of a truce with Alhaji Dahiru Mangal, one of those who petitioned the Securities & Exchange Commission (SEC) against it, alleging various infractions, the board of Oando Plc, on Wednesday, announced the appointment of 58 year-old Alhaji Bukar Goni Aji, former Head of Civil Service of the Federation (HoSF), as a Non-Executive Director. Oando Plc informed the Nigerian Stock Exchange (NSE) that Emir Muhammadu Sanusi of Kano, had on January 7, brokered a peace deal between the company’s management and Mangal, leading to recognition of the aggrieved shareholder as a majority substantial stakeholder. Although the Wednesday’s statement signed by Ayotola Jagun, Chief Compliance Officer and Company Secretary, did not say the new board member will represent Mangal, but as part of the deal, it was agreed that the shareholder would present a nominee as non-executive director of Oando. According to the statement dated January 23, 2018, Alhaji ...