At the AGM, shareholders' showed confidence in the present management team led by the Group Chief Executive Officer, Wale Tinubu.

The Directors were authorized to fix the auditors' remuneration.

The following directors who retired by rotation, were re-elected as Directors of the Company: Mr. Mobolaji Osunsanya.

Approval of the remuneration of non-executive directors.

The remuneration of the non-executive directors of the Company was fixed at ₦5,000,000 per annum for the Chairman & ₦4,000,000 each per annum for all other non-executive directors with effect from 1 January 2017; which fees are payable quarterly in arrears.

In his closing remarks, Wale Tinubu assured the shareholders of the management’s commitment to protect the interest of all Oando shareholders & continue with its aggressive debt reduction.

"As your management team we assure you that our main focus will continue to be geared towards sustaining your Company's profitability & ensuring adequate return for you our esteemed shareholders. Our story has always been one of resilience, innovation & growth. I assure you that we are fully committed to positioning your Company to achieving sustained growth moving forward."