SEC speaks on court order nullifying Oando’s AGM ban The regulator denies knowledge of the order, but says it will verify and challenge it. ADVERTISEMENT The Securities and Exchange Commission (SEC) says it will challenge a court decision that declared its sanctions against The commission said it was not in the know of the Abuja High Court order, lifting its ban on oil driller Oando Plc’s right to conduct Annual General Meeting (AGM) more than 20 months after the regulator blocked the privilege. “The attention of the Securities and Exchange Commission (the commission) has been drawn to several publications in the media, where it is reported that a shareholder of Oando Plc, purportedly obtained a judgement from the Federal Capital Territory High Court against the commission,” Abuja-based SEC said in a statement Wednesday.