Oando PLC, which describes itself as Africa's leading integrated energy solutions provider, convened its 47th Annual General Meeting on Thursday, 17 September 2026. Shareholders considered the company's performance, strategic priorities, and outlook, and every resolution tabled was passed.
The meeting drew commendations from shareholders for the Board and Management's approach to corporate governance, strategic direction, and disciplined capital allocation, alongside continued backing for the group's growth ambitions.
Among the resolutions approved were the re-election of Mr Ademola Akinrele, SAN, Mr Omamofe Boyo, Mr Ikeme Osakwe, and Mr Adeola Ogunsemi as Directors retiring by rotation. Shareholders also endorsed the re-appointment of BDO Professional Services as external auditors, elected members of the Statutory Audit Committee, and approved the remuneration of Non-Executive Directors.
The company's Memorandum and Articles of Association were amended to provide for physical, electronic, or hybrid general meetings. Additional amendments covered digital assets, cryptographic technologies, distributed ledger technologies, and other emerging technologies, subject to applicable laws and regulatory requirements. The Board was further authorised to pursue listings on other stock exchanges, including cross-border listings, subject to requisite regulatory approvals.
Speaking during the meeting, a shareholder, Mrs Bisi Bakare, praised the strategic shift in the mining and infrastructure business from broad-based exploration to a more disciplined asset prioritisation approach. She said: "I just want to use this opportunity to congratulate the Board and management for the strategic shift in the mining and infrastructure business from broad-based exploration to a more disciplined asset prioritisation approach. I believe this is a prudent approach, particularly given the need for disciplined capital allocation across the group."
Group Chief Executive, Mr Jubril Adewale Tinubu, CON, highlighted the importance of operational control and disciplined execution in delivering the company's growth strategy. He said: "Operational control gives us execution capacity and creates value. We are focusing on clear accountability and stronger performance management. As we continue our integration, we will allocate capital responsibly, report on time, meet our guidance and commit to our choices."
