Two directors quit Oando over uproar with SEC | Nigerian News. Latest Nigeria News. Your online Nigerian Newspaper. f


Two non-executive directors of Oando have resigned their appointments in the latest twist to the face-off between Oando and the Securities and Exchange Commission (SEC).

Chief Sena Anthony and Oghogho Apata resigned on Friday a week after SEC asked Wale Tinubu, the group managing director, and Mofe Boyo, his deputy, to quit and barred from being directors of any public company for five years.

Sources at Oando said on Friday that the company received official correspondence from the Deputy Commissioner of Police in Lagos State on Thursday, requesting cooperation from the management of the company on the deployment of armed men in  Oando’s head office to maintain law order.

The sources said the letter came three days after armed policemen were drafted to the head office, claiming that the presence of the security personnel is scaring staff from work and hampering business operations.

Signup for FREE news updates, latest information and hottest gists everyday/Advertise on

Post a Comment Default Disqus

Latest Nigerian News
Comments are Moderated. Clean Comments will be swiftly approved. No swear words, no racism, allowed.