The Securities and Exchange Commission, SEC, has constituted an Interim Management Team 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.
This was made known through a statement by the Head of Corporate Communications of the SEC, Mrs. Efe Ebelo, in Abuja.
The interim management will be headed by Mr. Mutiu Olaniyi Adio Sunmonu, CON, who till date is an Independent Non-Executive Director of Unilever Nigeria Plc, and the Chairman of Julius Berger Nigeria Plc.
It would be recalled that the SEC after concluding investigation of Oando Plc, directed among others the resignation of the affected board members, and also barred the Group Chief Executive Officer and the Deputy Group Chief Executive Officer of Oando Plc from being directors of public companies for a period of five (5) years.
The SEC also directed the payment of monetary penalties by the company and affected individuals and directors, and refund of improperly disbursed remuneration by the affected board members to the company.
The Maximum Deposit Insurance Coverage for banks operating within the country has been increased by…
The Anambra State Government has arrested a 75-year-old barber, Pa Nwankwo Nweke, for allegedly defiling…
A father, Uzochukwu Okoli, has been arrested by the Anambra State Government for giving out…
An agreement has been reached by the Economic and Financial Crimes Commission and celebrity barman…
Amidst escalating fuel scarcity nationwide, the Federal Government has initiated a 15-day emergency fuel distribution…
English Premier League has lost out to the Italian Seria A and German Bundesliga who…
This website uses cookies.