A group, the Consolidated Capital Market Stakeholders Forum (CCMSF) has taken a swipe at insinuations in some quarters that the Securities and Exchange Commission (SEC), was unfair to Oando Plc in the report of the forensic audit recently released.
The SEC had recently wielded the big hammer against Wale Tinubu, banning him and his deputy, Omamofe Boyo from being directors of any publicly quoted company for five years.
The duo were punished over infractions committed as leaders of oil and energy company, Oando Plc.
SEC also demanded the resignation of Tinubu and other board members and the convening of an extra-ordinary general meeting before July 1 to appoint new directors.
Oando Plc had claimed that it was not given fair hearing from the Securities & Exchange Commission (SEC).
According to Oando, it simply co-operated with the process and responded to questions posed by the auditors in the course of their fieldwork for findings in a report that the Company has still not seen.
In a statement signed by Umar Usman, President of the Group, they noted with great concern, the level the issues surrounding the forensic audit of Oando Plc is degenerating go with some comparism being made to the ETI issue.
