Business
Oando: SEC sets up interim management
By Chioma Obinagwam
Nigeria’s Securities and Exchange Commission (SEC) has appointed a new management headed by Mutiu Sunmonu to oversee the affairs of Oando Plc.
The Commission disclosed in a statement on Sunday.
This is coming on the heels of a recent order by SEC for the resignation of the Management team headed by Wale Tinubu, indicted for financial Infractions.
“Further to our Press Release on Oando Plc, dated May 31, 2019, the Commission hereby informs the public of the constitution of an Interim Management Team headed by Mr. Mutiu Olaniyi Adio Sunmonu CON, to oversee the affairs of Oando Plc, and conduct an Extra Ordinary General Meeting on or before July 1, 2019 to appoint new Directors to the Board of the Company, who would subsequently select a Management Team for Oando Plc,” SEC disclosed in the statement.
“The Commission wishes to reiterate its commitment to maintaining the integrity of the market,” it continued.
Continue Reading
-
Football1 week agoPremier League releases 2026/27 festive fixtures, 7 matches set for Boxing Day
-
Crime7 days agoAnambra Police arrest mother over alleged child sexual exploitation
-
Business6 days agoJetour Nigeria, dealers take dashing, other models to Abuja Experience
-
Business7 days agoDangote Refinery IPO shifts spotlight to corporate governance, investor protection
-
Business3 days agoAbuja gears up for Jetour T2’s rugged-luxury experience
-
Business4 days agoDangote IPO rush crashes Bamboo login as investors flood platform
-
Business4 days agoNigeria Business Outlook: Dangote IPO, markets, inflation and naira in focus this week
-
Business7 days agoNaira gains ground as Euro holds around N1,548, reserves hit 18-year high