Regulatory Alerts2021-02-24
Securities and Exchange Commission Press Statement on FCT High Court Judgment
The Securities and Exchange Commission clarifies that it was never served with court processes regarding a purported FCT High Court judgment obtained by an OandoPlc shareholder. The regulator will therefore take all necessary steps to verify the alleged ruling and formally set it aside. This official statement directly addresses recent media reports concerning the shareholder's legal action against the Commission.
The attention of the Securities and Exchange Commission (the Commission) has been drawn to several publications in the media, where it is reported that a shareholder of OandoPlc, purportedly obtained a judgment from the Federal Capital Territory High Court against the Commission. The Commission wishes to inform the general public that it was never at any time served with court processes with respect to the purported matter at the FCT High court. The Commission will consequently take all necessary steps to verify and set aside the purported decision of the saidCourt. Signed Management