SEC appoints interim mgt for Oando

The management of the Securities and Exchange Commission (SEC), has set up an interim management team to oversee Oando PLC.

In a statement by the Commission, the team will be headed by Mutiu Olaniyi Adio Sunmonu to oversee the affairs of the company and conduct an extra ordinary general meeting to appoint a new board. 

The statement reads: “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.

“The Commission wishes to reiterate its commitment to maintaining the integrity of the market.”

Leave a Reply