Oando PLC has denied allegations on social and digital media that it owns a mixing plant in Malta.
The vitality firm additionally denied importing soiled gas into Nigeria by means of a Maltese firm, Raz Hansir Oil Terminal Restricted.
An announcement by the corporate secretary, Ayotola Jagun, stated the allegations levelled towards Oando of being a shareholder and its principals of being board members of Raz Hansir Oil Terminal Restricted, an organization that operates an oil storage and mixing facility answerable for importing adulterated petroleum merchandise into Nigeria, had been unfounded.
“We want to refute such claims and attest that neither Oando PLC nor its Executives have ever held shares, investments, or pursuits within the fictitious Maltese firm.
“As a part of a complete investigation into the premise of the false claims, we carried out a search of the Malta Enterprise Registry, the official repository for all registered entities previous and present throughout the nation. Our search yielded no outcomes for a corporation bearing that identify. Subsequent due diligence efforts equally didn’t uncover any document of the corporate’s existence.
“We due to this fact imagine that the false claims are of the malicious intent of deceptive the general public and our stakeholders,” Jagun said.
The corporate reiterated that as a publicly listed firm, any company actions, equivalent to acquisitions, are declared publicly in accordance with relevant company governance legal guidelines and guidelines.
“Moreover, it’s crucial that info launched a couple of publicly quoted firm equivalent to Oando, is totally researched and deemed correct earlier than it’s revealed within the public area.
“The corporate’s securities are traded each day throughout two exchanges (NGX and JSE). To forestall misinformation and confusion amongst traders, in addition to our different stakeholders, we implore all members of the press to take sufficient steps to make sure the veracity of stories by fielding all inquiries with Oando PLC’s Company Communications division,” Jagun stated.
Malta and its oil grew to become a subject of debate recently following allegations by the President of the Dangote Group, Aliko Dangote, that some officers of the Nigerian Nationwide Petroleum Firm Restricted personal mixing vegetation in Malta.
Amid the disaster surrounding his $20bn refinery, Dangote had stated: “Among the terminals, a number of the NNPC folks, and a few merchants have opened mixing vegetation someplace off Malta. Everyone knows these areas. We all know what they’re doing,” Dangote stated.
Knowledge from Commerce Map confirmed that Nigeria imported gas value $2bn in 2023 alone.
Earlier, the Group Chief Govt Officer of the NNPC, Mele Kyari, stated he doesn’t personal a mixing plant outdoors Nigeria.
Kyari said that he had been inundated with calls from members of the family and associates, asking if he actually owned a mixing plant in Malta.
Dangote has been talking up following allegations by the Chief Govt of the Nigerian Midstream and Downstream Petroleum Regulatory Authority, Farouk Ahmed, that the diesel produced by the Dangote refinery had larger sulphur content material than imported ones; a declare Dangote described as an try and demarket his refinery.
Ahmed additionally stated the nation would proceed to import gas to cease the Dangote monopoly.