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Nigeria’s SEC pulls the hammer on Oando, asks CEO & others to resign

PUBLISHED: Mon, 03 Jun 2019 08:22:22 GMT

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After concluding its forensic audit of Oando, Nigeria’s Security and Exchange Commission says the report revealed serious infractions and the Commission has barred Oando’s CEO and deputy CEO from being directors of public companies for five years among other decisions. Oando maintains that the alleged infractions by the Securities and Exchange Commission are unsubstantiated as the company was not given the opportunity to see, review and respond to the forensic audit report. Bismarck Rewane CEO of Financial Derivatives joins CNBC Africa for more….


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