Further to its Press Release on Oando Plc, dated May 31, 2019, the Securities and Exchange Commission (SEC) on Sunday night informed the public of the constitution of an Interim Management Team to be headed by Mutiu Olaniyi Adio Sunmonu.
SEC said the interim management is to oversee the affairs of Oando Plc, and conduct an Extra Ordinary General Meeting on or before July 1, 2019.
Also, the Interim management, according to SEC is to appoint new Directors to the Board of the Company, who would subsequently select a Management Team for Oando Plc.
The Commission however reiterated its commitment to maintaining the integrity of the capital market.
Iheanyi Nwachukwu
