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N189 billion scandal: Will Wale Tinubu tow the honourable path and resign as Oando boss?

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N189 billion scandal: Will Wale Tinubu tow the honourable path and resign as Oando boss?

November 10
15:43 2015

In the aftermath of the oil giant’s monumental loss, pundits call for Wale Tinubu’s resignation

Wale Tinubu, Oando Plc boss, has encountered his tender state. He has finally learnt that, while leaves of hope may thrive in his orchard today, blossoming and attracting abundant niceties to his name, tomorrow may dawn with famine and a killing frost. For the Oando Plc boss, tomorrow dawns harshly and with unprecedented ugliness, causing his orchard to wilt and nipping his hopes of redemption from the roots to the bud. On his watch, Oando Plc recently suffered N189 billion loss thus raising eyebrows and speculations about his capacity to steer the ship of the oil corporation to prosperous bights. Since the disclosure about the monumental loss, initial excitement about the prospects of Oando under Wale Tinubu’s leadership vanished into thin air. In the wake of the crisis, Wale has appeared on television, looking somber and downcast, as he tried to explain the reasons for the loss in a subtle image laundering campaign. His attempt at currying the favour of his company’s publics has however, generated virulent criticisms across the nation’s oil and financial business sectors. Pundits are of the opinion that the Oando boss should have simply towed the honourable path by tendering his resignation letter instead of coming on TV to offer frantic rationalizations of the company’s loss while seeking the public’s indulgence for his apparent incompetence at his job. The fact that the bulk of the lost money was attributed to administrative expenses particularly incited the annoyance of the company’s publics. It’s shameful and unarguably insensitive of the Oando boss to hold tenaciously to his position while junketing across the globe on private jet and as a member of President Muhammadu Buhari’s entourage while he bungles his brief as Oando boss.

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