The Securities and Exchange Commission, SEC, has announced interim management board to oversee the runnings of Oando Plc and conduct an Extra Ordinary General Meeting on or before July 1, 2019. The interim management will appoint new Directors to the Board of the Company, who would subsequently select a Management Team for Oando Plc. SEC has recently sacked Mr Wale Tinubu and Mofe Boye, both directors of the company.
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.