There seems to be no respite for Wale Tinubu and his company Oando Plc yet.
Tinubu had been burnt seriously by some bad businesses and the consequences of the fall in global oil price. With no solution in sight, he wandered like Alice in wonderland before respite came his way.
Respite came in the form of a N94.6 billion loan facility from a consortium of 10 Nigerian banks.
With the loan, those close to Tinubu thought that all of his problems were over, but alas they still lurked around him.
Since the loan from the banks, the appreciation which many had expected to hit Oando Plc has not been seen, as its shares continues to plummet in the Nigerian Stock Exchange (NSE).
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