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Stakeholders condemn SEC action against Oando

Stakeholders in the nation’s capital market have condemned the move by the Securities and Exchange Commission, SEC, against Oando Plc.

The commission last week indicted Group Chief Executive Officer of Onado, Wale Tinubu, and his deputy, Mofe Boyo, over misconduct in managing the company and directed them as well as other directors affected to resign.

The commission has also announced an interim management to organise an Extra-ordinary General Meeting, EGM, to appoint a new board that would eventually appoint a new management team into place.

Continue reading Stakeholders condemn SEC action against Oando at Vanguard News.

from News – Vanguard News

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