Oando Plc
Jurisdiction: NigeriaRegistry ID: RC 6474Entity ID: ent_oando-plc_1
status: activeas of 31 Oct 2026reviewed 31 Oct 2026draft
Identity
Trading names: Oando
Former names: Unipetrol Nigeria Plc
Incorporated: 1969
Sector: Oil and gas, Energy
Group Chief Executive: Jubril Adewale Tinubu B Oando Plc, Oando Plc annual report and consolidated financial statements (1 Jun 2024) · retrieved 31 Oct 2026
exchange_listing: Nigerian Exchange Ltd (NGX) A Nigerian Exchange Limited (NGX), NGX issuer record — Oando Plc (1 Jan 2024) · retrieved 31 Oct 2026
Operations
Countries: Nigeria
Services: Upstream oil and gas exploration and production, Energy trading, Gas and power
Public-sector counterparties: Securities and Exchange Commission, Nigeria
Attributed claim · as of 31 Oct 2026
Oando describes itself as an integrated energy group listed on the Nigerian Exchange, with upstream oil and gas, trading and gas-and-power operations; in 2024 it reported completing the acquisition of Nigerian Agip Oil Company (NAOC) from Eni. — Oando Plc
B Oando Plc, Oando Plc annual report and consolidated financial statements (1 Jun 2024) · retrieved 31 Oct 2026
Assessment
What is confirmed, what is attributed, what is disputed and what remains open — kept separate by design.
Confirmed fact · as of 31 Oct 2026
Oando Plc is a Nigerian company listed on the Nigerian Exchange, operating in the oil and gas sector.
A Nigerian Exchange Limited (NGX), NGX issuer record — Oando Plc (1 Jan 2024) · retrieved 31 Oct 2026
Confirmed fact · as of 1 Jul 2021
A dispute between Oando Plc and the Securities and Exchange Commission (Nigeria), arising from the Commission's findings, was resolved by a settlement between the company and the Commission.
A Securities and Exchange Commission, Nigeria, Oando Plc Enters Into a Settlement With the Securities and Exchange Commission (1 Jul 2021) · retrieved 31 Oct 2026
Attributed claim · as of 31 Oct 2026
Oando states it completed the acquisition of Nigerian Agip Oil Company (NAOC) from Eni in 2024 and operates across upstream, trading and gas-and-power segments under group chief executive Jubril Adewale Tinubu. — Oando Plc
B Oando Plc, Oando Plc annual report and consolidated financial statements (1 Jun 2024) · retrieved 31 Oct 2026
Disputed point · as of 31 Oct 2026
The Nigerian SEC's position (per 2019 reporting) was that a forensic audit found 'serious infractions' and warranted board and management changes. Oando's position was that the findings were disputed and challenged in court. The parties entered a settlement in 2021, which resolved the matter without a contested judicial determination of the underlying allegations.
Regulator finding versus company response; resolved by settlement, not by a court ruling on the merits.
C Bloomberg News, Nigeria SEC Says Oando Committed 'Serious Infractions,' Bars CEO (31 May 2019) · retrieved 31 Oct 2026 · A Securities and Exchange Commission, Nigeria, Oando Plc Enters Into a Settlement With the Securities and Exchange Commission (1 Jul 2021) · retrieved 31 Oct 2026
Unanswered question · as of 31 Oct 2026
The terms of the 2021 SEC settlement, and any monetary penalties or governance undertakings, are set out in the settlement itself; this dossier records that a settlement was reached rather than reproducing its terms.
A Securities and Exchange Commission, Nigeria, Oando Plc Enters Into a Settlement With the Securities and Exchange Commission (1 Jul 2021) · retrieved 31 Oct 2026
Evidence library
Full evidence library → — primary records first.
regulatory notice · 1 Jan 2024
Nigerian Exchange issuer record for Oando Plc, listing it among quoted companies on the exchange.
A Nigerian Exchange Limited (NGX), NGX issuer record — Oando Plc (1 Jan 2024) · retrieved 31 Oct 2026
Relevance: Primary exchange record establishing listed identity.
regulatory notice · 1 Jul 2021
Securities and Exchange Commission (Nigeria) notice that Oando Plc entered into a settlement with the Commission, resolving the dispute arising from the Commission's earlier findings and directives; the settlement followed litigation between the company and the regulator.
A Securities and Exchange Commission, Nigeria, Oando Plc Enters Into a Settlement With the Securities and Exchange Commission (1 Jul 2021) · retrieved 31 Oct 2026
Relevance: Primary regulator record establishing that the SEC matter was resolved by a settlement.
reporting · 31 May 2019
Reporting (31 May 2019) that Nigeria's SEC said Oando had committed 'serious infractions' following a forensic audit, and directed board and management changes including in respect of the group chief executive; Oando contested the findings and sought relief in court.
C Bloomberg News, Nigeria SEC Says Oando Committed 'Serious Infractions,' Bars CEO (31 May 2019) · retrieved 31 Oct 2026
Relevance: Contemporaneous reporting of the regulator's 2019 findings and the company's challenge; attributed, not treated as a judicial finding.
company statement · 1 Jun 2024
Oando Plc investor materials describing its integrated energy operations, leadership and the 2024 completion of the NAOC acquisition.
B Oando Plc, Oando Plc annual report and consolidated financial statements (1 Jun 2024) · retrieved 31 Oct 2026
Relevance: Company source for operational scope, leadership and the NAOC transaction.
Claim reviews
Did Nigeria's SEC convict or find Oando guilty of fraud?
Confidence: high
Limitations. This dossier indexes public records; it does not adjudicate disputes, certify standards or screen sanctions. Absence of a record is not proof of absence. See methodology and corrections & response.