In a significant development for Nigeria's corporate sector, Oando Plc has achieved formal induction into the prestigious Society for Corporate Governance Nigeria (SCGN). This milestone event, which occurred on December 1, 2025, marks the energy company's entry into Nigeria's foremost network dedicated to advancing responsible, transparent, and ethical corporate leadership.
Recognition of Governance Standards
The induction follows SCGN's comprehensive assessment of Oando's corporate governance standards, which confirmed the company's alignment with both national and international best practices. The Society, established to promote excellence in governance frameworks across corporate Nigeria, serves as a central hub for board development, governance education, research, and policy advocacy.
Since its establishment, the SCGN has consistently worked to strengthen accountability, transparency, and ethical standards in businesses throughout Nigeria and the broader African region. Its membership comprises leading institutions across multiple sectors including energy, finance, manufacturing, and various service industries.
Corporate Leadership Perspective
Speaking on Oando's induction, Folasade Ibidapo-Obe, Chief Compliance Officer and Company Secretary of Oando Plc, emphasized the dual significance of this achievement. "Our induction into the Society for Corporate Governance Nigeria is both an endorsement and a responsibility," she stated.
"It affirms the progress we have made in institutionalizing robust governance frameworks across our business over the years, and more importantly, it signals our readiness to continually strengthen these frameworks in line with leading practices in corporate governance. For us, effective governance is not an accessory; it is central to achieving sustainable value creation, disciplined operations, and ensuring stakeholder confidence," Ibidapo-Obe added.
Commitment to Ethical Leadership
During her address to the newly inducted members, SCGN board member Koosum Kalyan highlighted the profound commitment represented by the induction ceremony. "I think it's a great opportunity to become part of this organization," Kalyan remarked.
"Today is more than a ceremony; it is a commitment that you are making to lead with integrity, as well as to uphold ethical standards even when no one is watching," she emphasized, underscoring the fundamental principles that guide the Society's mission.
The induction of Oando Plc into SCGN represents a significant step forward in the company's ongoing commitment to corporate governance excellence and positions it among Nigeria's most ethically-conscious corporate entities.
