JUST IN: Police Raid Oando Head Office

JUST IN: Police Raid Oando Head Office

The police have stormed Oando’s Wing Office Complex located on Ozumba Mbadiwe Avenue, Victoria Island, sending staff of the company scampering from the office on Monday. On Sunday, the Securities and Exchange Commission announced that it had set up an interim management team to oversee the affairs of Oando following the order that the company’s

The police have stormed Oando’s Wing Office Complex located on Ozumba Mbadiwe Avenue, Victoria Island, sending staff of the company scampering from the office on Monday.

On Sunday, the Securities and Exchange Commission announced that it had set up an interim management team to oversee the affairs of Oando following the order that the company’s Group Chief Executive Officer, Mr. Wale Tinubu, and other affected board member should resign.

A staff member, who spoke with our correspondent in confidence said, “We got a message late last night about the interim management. So for the safety of staff because we are not sure of the way things will go, we did not come to the office.”

One staff who spoke to reporters added, “We got a message late last night about the interim management. So for the safety of staff, because we are not sure of the way things will go, we did not come to the office.

“Some people still came to work this morning, but if you go to work and you see police everywhere, you are most likely to turn back. Fear will make you turn back and go home. So, that has been the situation.”

Speaking on the interim management, a statement by SEC: “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 Extraordinary 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.”

 

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