Oando Trading, a subsidiary of Oando Plc, the leading integrated energy solutions provider led by Nigerian oil magnate Wale Tinubu, has strongly rejected allegations linking it to a Maltese oil company purportedly involved in importing adulterated petroleum products into Nigeria.
The claims, which have circulated on social media and digital platforms, have been firmly denied by Oando. The company asserts that its name and reputation have been wrongly implicated in this issue.
Oando clears up oil terminal claimsIn an official statement , Oando clarified that neither the company nor its executives hold shares, investments, or interests in Ras Hanzir Oil Terminal Limited. This Maltese oil storage and blending facility was allegedly connected to the importation of the compromised fuel.
The allegations surfaced during a period of heightened scrutiny on Nigeria's oil industry, including ongoing disputes involving Aliko Dangote's refinery and regulatory challenges. Dangote, Africa's wealthiest individual, is reportedly considering selling his multi-billion-dollar oil refinery to the state-owned Nigerian National Petroleum Corporation (NNPC) Limited.
