Set Up Committee To Oversee Oando

Security Exchange Commission (SEC) has set up an interim management committee to oversee Oando Plc.

The Committee headed by Mutiu Sunmonu, is also tasked with conducting an extraordinary general meeting of the company to appoint new director who will select a new management team.

The Commission’s Spokesman, Mrs Efe Ebelo, made this known in a statement issued over the weekend.

She says the steps were taken after barring the company’s Chief Executive Director, Wale Tinubu, from running any companies in Nigeria for the next five years.

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