Report reveals Oando PLC in accounting insolvency, financial struggles amidst refinery deal Nigerian energy company Oando PLC, the Government’s preferred bidder for the lease of the Pointe-a-Pierre refinery in Trinidad and Tobago, has been struggling financially, a scrutiny of the company’s financial records has shown. According to Oando’s unaudited statements and separate financial statements ending December 31, 2024, the company is in accounting insolvency. The financial statements, viewed by the Investigative Desk of Trinidad Guardian, showed the company’s total liabilities were 7.8 trillion Naira (TT$34.4 billion), while its total assets were 7.5...