Oando PLC, a leading Nigerian energy company, has announced the resignation of Mr. Tanimu Yakubu, a non-executive director. Yakubu is leaving Oando to take on a new national role.
Yakubu served on Oando’s board for nine years, contributing significantly to the company’s growth and stability. He chaired the audit committee and was involved in strategic planning and finance.
Oando praised Yakubu’s contributions, highlighting his financial expertise and strategic mindset. The company thanked him for his service and wished him success in his new role.
Oando has been performing well in the stock market, with its shares surging by 566% year-to-date. This strong performance is partly due to the company’s successful acquisition of Nigerian Agip Oil Company.
Oando’s acquisition of Nigerian Agip Oil Company is expected to further strengthen its position in the Nigerian oil and gas industry. The company has already seen positive results from the acquisition, with its stock price continuing to rise.
Mr. Tanimu Yakubu’s resignation from Oando is a loss for the company, but it is understandable given the opportunity for national service. Oando’s continued success is a testament to the strong leadership and strategic decisions made by its board and management. As the company moves forward, it will be interesting to see how it builds on its recent achievements.
