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201510_Analysisng Oando's Horror Show

A report to explain the biggest loss in Corporate Nigeria's history

The Questions?

A lot has already been said about Oando PLC’s (Oando) shocking 2014 results which were released a few days ago.
How does a quoted public company get away with flouting NSE rules on timely financial reporting?

The NSE confrmed that as at 3rd August, 2015, only 89 percent of the active listed companies had filed their audited accounts for the year ended
December 31, 2014. Oando just released its financial statements for the same fiscal period this October,
late by as much as 10 months!