Oando PLC Refutes Allegations of Maltese Oil Terminal Ownership

Oando PLC, Nigeria’s leading energy solutions provider, has firmly denied recent allegations claiming it holds interests in a Maltese oil storage facility, Ras Hansir Oil Terminal Limited.

The accusations, circulated on social and digital media, suggest that Oando’s executives are involved in importing adulterated petroleum products into Nigeria.

Oando has categorically refuted these claims, asserting that neither the company nor its executives have any shareholding or investment in the alleged Maltese company.

To address the allegations, Oando conducted a thorough investigation, including a search of the Malta Business Registry. The investigation found no evidence of Ras Hansir Oil Terminal Limited’s existence.

The company believes the accusations are malicious attempts to mislead the public and undermine its reputation.

Oando emphasizes its commitment to transparency, noting that any corporate actions are publicly disclosed in compliance with governance laws and rules.

As a publicly listed company on both the Nigerian Exchange (NGX) and Johannesburg Stock Exchange (JSE), Oando stresses the importance of accurate reporting to prevent misinformation among investors and stakeholders.

The company urges media outlets to verify information with its Corporate Communications department to ensure the accuracy of any reports.

Oando remains dedicated to its stakeholders and continues to focus on delivering energy solutions while maintaining the highest standards of corporate integrity.

The company reaffirms its commitment to transparency and accountability in all its operations.