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OANDO VERSUS SEC
SEC has addressed allegations leveled against it regarding the on-going Oando Plc saga. The regulator maintained that due investigative processes were followed to arrive at its decision to remove Wale Tinubu and Omamofe Boyo as the GCEO AND DCEO; respectively.
The Federal High Court has restrained the Securities and Exchange Commission (SEC) from removing embattled Wale Tinubu and Omamofe Boyo as Oando Plc’s Group Chief Executive Officer and Deputy Group Chief Executive Officer, respectively.
Oando Plc has reacted to the conclusion of an investigation carried out by the Securities and Exchange Commission (SEC) into its affairs which, among other things, recommended the resignation of the company's Chief Executive Officer, Wale Tinubu.