OANDO PLC - Oando issues rejoinder to media reports on methanol-blended premium motor spirit

Oando issues rejoinder to media reports on methanol-blended premium motor spirit

Oando PLC
(Incorporated in Nigeria and registered as an external
company in South Africa)
Registration number: RC 6474
(External company registration number 2005/038824/10)
                                                                             OANDO PLC
Share Code on the JSE Limited: OAO
Share Code on the Nigerian Stock Exchange: UNTP
ISIN: NGOANDO00002
(“Oando” or the “Company”)



PRESS STATEMENT



OANDO PLC ISSUES REJOINDER TO MEDIA REPORTS ON METHANOL-BLENDED PREMIUM
MOTOR SPIRIT (PMS)




Lagos, Nigeria – Following media reports listing Oando as one of four importers that supplied methanol-
blended Premium Motor Spirits (PMS) into the country, we hereby state that Oando did not import and
supply PMS that was adulterated or substandard. The PMS supplied by Oando met Nigeria’s import
specification.


We are committed to working assiduously with the NNPC and industry to identify the root cause(s) of the
subsequent contamination of the PMS supplied.


We want to assure the public that Oando as a responsible corporate citizen would not partake in the
importation, distribution, or marketing of substandard petroleum products.


Ayotola Jagun

Company Secretary

The Wings Office Complex

17a Ozumba Mbadiwe Avenue

Victoria Island,

Lagos, Nigeria.

Tel: +234 (1) 270400, Ext 6159

ajagun@oandoplc.com
Alero Balogun

Head, Corporate Communications

The Wings Office Complex

17a Ozumba Mbadiwe Avenue

Victoria Island,

Lagos, Nigeria.

Tel: +234 (1) 270400, ext. 6761

albalogun@oandoplc.com



For Oando PLC

Ayotola Jagun

Chief Compliance Officer & Company Secretary

Lagos
10 February 2022


JSE Sponsor to Oando

Questco Corporate Advisory Proprietary Limited

Date: 11-02-2022 08:20:00
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