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Oando PLC explains 100% divestment from downstream business

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'On the 29th of November 2019, Oando completely exited from the OVH partnership when it transferred its remaining 5% shareholding in OVH Energy BV to Vitol and Helios.'

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The misinformation being spread has caused significant reputational harm to both the company and its leadership and their continued circulation is both legally and ethically unacceptable. Recognising the goodwill in the Oando name, a Brand Licence Agreement was also entered into on the 30th of June 2016 between Oando PLC and OVH Energy BV for the use of the Oando logo/brand for a 10-year period. The brand licence agreement was subsequently terminated on the 24th of March 2023 and OVH Energy was given a term of 18 months to

Oando PLC demands the immediate removal of all libelous content from the offending platforms. Failure to comply will result in legal action, including claims for damages and other remedies provided by law.

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