Business; Oando Denies Having Ibori’s Assets

-

Oando Plc. has debunked thw rumour going round that Mr Ibori hid some of his assets in the company and money passed from Oando’s accounts to Ibori’s Swiss accounts.
A three-week confiscation hearing began at London’s Southwark Crown Court on Monday where Sasha, a British prosecutor, told the court that Mr Ibori hid some of his assets in Oando and money passed from the company’s accounts to Ibori’s Swiss accounts.
Oando says the former Delta governor does not own the company but only has insignificant shares which is just 443 out of a total issued and paid up share capital of 6.8 billion ordinary shares.
Oando in a statement made available to Channels Television today, says although unknown at the time,the company had transacted business with Mr Ibori’s company.
The total amount of the transaction Oando says was $2.7m made in three separate transactions over a period of about seven months.
Oando however says this was insignificant, considering the company’s turnover of about $800m as at 2004.
The company has therefore denied any claims that Mr Ibori has hidden assets with it and regrets that it has been dragged into the proceedings of the British Court.

Comments

Post a Comment

Popular posts from this blog

Rainbow Fm apologize to the Public for bringing false report on Iyabo Obasanjo

-
Image
  Below is the excerpt of the document: "PRESS RELEASE We at Rainbow F.M 94.1 appreciate and respect our audience. Our content is anchored on the principles of fairness, objectivity, Balance and Accur acy. We recognise that this noble practice requires professionalism, and this is the reason we will leave no stone unturned in informing, educating and entertaining you. We are aware of the falsehood that trailed the December 18th, 2013 edition of the Newspaper Headlines and Editorials anchored by Wellington Olaiya, Theophilus Elamah and Dr. Nick Idoko (on the Rainbow Morning Show) We condemn it At NO TIME on the said date did IYABO OBASANJO, daughter of Ex-President Olusegun Obansanjo, visit, call or make any contact on the show, or with any of the presenters. While we acknowledge the efforts of other practitioners in the development process of this country, we appeal to all media organisations to adhere strictly to ALL THE ETHICS of this whole profession. God b...
Read more

Was Bobbi Kristina Used for Illuminati Satanic Blood Sacrifice?

-
Image
Bobbi Kristina died on Sunday age 22 six months after she was found face down and unresponsive in the bath-tub of the Roswell, Georgia, home she shared with then boyfriend, Nick Gordon, 25. Gordon is now a person of interest to investigators attempting to piece together the events that led to Bobbi Kristina’s untimely death. But according to TMZ, he has still written to Bobbi Kristina’s father and Pat Houston begging for permission to attend the funeral service. The email states: ‘I loved Krissi with all my heart and I am destroyed that she is gone and I need to say goodbye. ‘Krissi loved me very much and she would want me there’. The chances of him being accepted by the family are, however, slim to none. The Houston family has slapped him with a $10million lawsuit alleging that he abused her and stole her money while she was in a medically induced coma. While Gordon has been a figure of controversy with Bobby Brown banning him first from his daughter’s hospital bedsi...
Read more

How Technology Is Killing Eye Contact

-
Image
    Christen had an alarming wake-up call one day about the toll that technology was taking on her life -- and her family. "I realized several years ago that I had stopped looking in my children's eyes," the HopeLab President and CEO said at a Huffington Post panel at Ad Week on Tuesday . "And it was shocking to me." Christen's "a-ha" moment was an alarming one, but it's more common than you might think -- and it points toward a larger, and often undiscussed, byproduct of excessive screen time. The decline of eye contact is well-documented , and as we spend more and more of our time staring at screens, there's less time left over to look into people's eyes -- including the eyes of the people we care about most. Between staring at computers during the work day and regularly gazing down at our phones, Americans spending more time with their eyes glued to their screens than ever before. According to recent estimates , ...
Read more