Oando reaches settlement with regulator on long-running disputes

 Nigeria’s Oando has reached a settlement with the Securities and Exchange Commission (SEC), the oil company said on Monday, after the regulator ordered the removal of its management team and suspended its annual meetings. Oando challenged the regulator’s actions. It has been in a battle since 2017 after the SEC said it had investigated two shareholder petitions alleging gross abuse of corporate governance and financial mismanagement.