Oando denies Malta allegations over blending plant

Oando Plc has categorically denied claims circulating on social and digital media platforms that it has a blending plant in Malta.

The energy conglomerate also denied allegations that it imported substandard fuel into Nigeria through a Maltese company called Raz Hansir Oil Terminal Limited.

In a statement issued by the company secretary, Ayotola Jagun, Oando categorically denied the allegations, stating that neither the company nor its executives had any ownership, investment or interest in the Maltese entity in question.

It reads, “We wish to refute these claims and state that neither Oando PLC nor its Executives have ever had any shares, investments or interests in the fictitious Maltese company.”

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To support its claims, Oando conducted a thorough search of the Malta Business Registry, the official repository for all registered companies in the country. The search yielded no results for a company called Raz Hansir Oil Terminal Limited. Further due diligence efforts also failed to uncover any evidence of the company’s existence.

It further stated, “As part of our thorough investigation into the basis of the false claims, we conducted a search of the Malta Business Registry, the official repository for all registered business entities in the country. Our search yielded no results for a company bearing that name. Subsequent due diligence efforts also failed to uncover any record of the company’s existence.”

“Therefore, we believe that the false claims have a malicious intent to mislead the public and our stakeholders.”

The denial comes amid growing concerns about the quality of fuel imported into Nigeria and the role of foreign entities in the country’s oil sector. While Oando has strongly denied the allegations against it, the issue of substandard fuel imports remains a pressing challenge for Nigerian authorities.

Oando denies Malta blending plant allegations first appeared on Latest Nigeria News | Headlines from Ripples Nigeria.