Oando fault British prosecutor over Ibori link

Oando fault British prosecutor over Ibori link

Oando Plc has accused British prosecutor, Sasha Wass, of reputation deformation, in the 'asset confiscation' hearing of the convicted former Delta State Governor, James Ibori.

Oando fault British prosecutor over Ibori link
Oando fault British prosecutor over Ibori link

The Deputy Group Chief Executive, Oando, Mr. Mofe Boyo, who spoke at a press conference in Lagos said Wass chose to sensationalise facts in order to discredit the company.

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According to him, the prosecutor deliberately chose to hype the assertion made by Ibori that he owned 30 per cent of Oando despite the fact that Wass had earlier contacted the Nigerian Stock Exchange wherein same was confirmed to be untrue.

“The UK Police came to Nigeria during the course of investigation and I believe that they must have gone to the NSE for findings, but my worry is why they have decided to distort the facts. But as it is, we don’t have a locus standi in this case because we are neither the accused nor the defendant,” Boyo said.

He said that contrary to the British prosecutor’s claim that Ibori had 30 per cent stake in Oando, the ex-governor only had 443 units of share.

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Boyo argued that the shareholding structure of the company is accessible to the public at the NSE.

Source: Legit.ng

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