Factions of Oando shareholders sue SEC On By Nkiruka Nnorom The Securities and Exchange Commission (SEC) has been slammed with another lawsuit by displeased shareholders of Oando Plc seeking restraining order against SEC, its agents or representatives from acting on its May 31, 2019 letter sanctioning the management of Oando Plc. The order, filed at the Federal High Court Kano on Friday, February 19, 2021, if granted, will restrain the SEC, its agents or anyone acting on behalf of the Commission from meddling with the affairs, management and activities of Oando Plc. The shareholders in the persons of Alhaji Yakubu Gumel and Alhaji Kabiru Tambari are suing for themselves and on behalf of the Sokoto Zone Shareholders Association, while Tunde Badmus is suing for himself and for the benefits of Pacesetters Shareholders Association.