Okitipupa Oil Palm postpones AGM over litigation

The 19th to 30th Annual General Meeting ( AGM) of the Okitipupa Oil Palm (OOP), plc scheduled earlier for Tuesday October 13, has been postponed indefinitely following a suit instituted at the Federal High Court, Akure by some land-owners who are also stakeholders in the company.

Okitipupa Oil Palm, in a statement by the firm’s Acting Company Secretary, Yusuf Adeleke, apologised to the shareholders and other stakeholders for the postponement, which he said was in deference to the court which ordered that everything about the meeting should be held in abeyance pending the hearing of all applications relating to the suit before the court on October 22,2020.

Adeleke assured all stakeholders that a new date for the meeting would be released as soon as the court granted the firm permission to hold the AGM, which were in arrears.