Nigeria's Oando down 10 pct on Ibori allegations

Tue Sep 17, 2013 10:22am EDT
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Sept 17 (Reuters) - Shares in Oando Energy fell the maximum allowed 10 percent on Nigeria's local bourse on Tuesday, after a UK prosecutor said jailed ex-governor James Ibori had hidden assets in the energy company, traders said.

A British prosecutor told a court on Monday that Ibori had used Oando to hide some of his assets, but the oil and gas company denied the allegations.

Oando's shares closed 10 percent down at 10.35 naira per share. (Reporting by Mayowa Oludare; Editing by Tim Cocks)