Ocean and Oil Development Partners Limited made an offer to acquire 42.63132% stake in Oando PLC (NGSE:OANDO) for NGN 37.5 billion on March 30, 2023. Scheme is subject to the approval of the shareholders of Oando at the Court-Ordered Meeting of the Company, as well as the sanction of the Federal High Court and regulatory board approval. As of May 23, 2023.

The Federal High Court has adjourned the matter to October 10, 2023. As of February 6, 2024, The Federal High Court has adjourned the matter to April 17, 2024.