Nigeria financial watchdog issues Oando CEO with five-year director ban

ABUJA, May 31 (Reuters) – Nigeria’s Securities and Exchange Commission on Friday barred the CEO of oil company Oando , Wale Tinubu, from directing public companies for five years, it said in a statement.

“Certain infractions of securities and other relevant laws were observed,” it said, referring to a SEC investigation.

An Oando spokesman did not respond immediately to a request for comment from the company and Tinubu.

Reporting by Camillus Eboh and Libby George
Writing by Alexis Akwagyiram
Editing by David Goodman

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