By Aduragbemi Omiyale
The board of Oando Plc has informed the investing community that its audited 2023 financial statements should be released latest Monday, September 30, 2024.
The energy company had earlier promised to file the results on July 31, 2024, but it explained in a statement issued on Wednesday that the documents were not ready for public consumption.
In the notice signed by its Chief Compliance Officer and Secretary, Mrs Ayotola Jagun, the Mr Wale Tinubu-led organisation also said it would file along with the 2023 results the first and second quarters of 2024 by the end of the third quarter of the year.
“Oando wishes to inform the public and its shareholders that, in accordance with Rule 1.1.4 of the Rules for Filing of Accounts and Treatment of Default Filing, Rulebook of the NGX, the company not having met the statutory deadline for filing its 2023 Audited Financial Statements (2023 AFS) will be unable to meet the expected filing date of July 31, 2024, earlier communicated to the public on April 8, 2024.
“Following the publication of the 2022 Audited Financial Statements in April 2024 and the unaudited financial statements for Q1 – Q4 of 2023 in May 2024, the audit of the 2023 AFS commenced immediately.
“We are committed to finalizing the said audit by August 31, 2024. Subsequently, the 2023 AFS will be presented to the board for approval and submitted to the Financial Reporting Council of Nigeria for regulatory approval before being publicly released.
“In accordance with the extension applied for and granted by the NGX, the company expects to publish its 2023 Audited Financial Statements and Q1 and Q2 2024 Management Accounts by Monday, September 30, 2024, thereby bringing up to date all its outstanding financial reporting obligations.
“Oando PLC apologizes for any inconvenience caused by this delay and will keep the market informed of any updates regarding the current situation,” the disclosure said.