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

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. Reuters