May 23, 2018

Shareholders demand Adeosun’s sack over Oando saga (Guardian)

Shareholders demand Adeosun’s sack over Oando saga  (Guardian)

Three shareholders’ groups have call for the immediate sack of the Minister of Finance, Mrs. Kemi Adeosun, for her unwholesome interference on the affairs of the Securities and Exchange Commission (SEC).

They described the minister’s decision to reassigns portfolios in SEC as “unnecessarily meddling” with the functions of the commission, which has caused severe damage to the capital market.

Specifically, the National President of Trusted Shareholders Association of Nigeria (TSAN), Alhaji Mukhtar Ismail Mukhtar; the National Coordinator, Proactive Shareholders Association (PROSAN), Taiwo Oderinde; and the Coordinator, Oando Shareholders Solidarity Group (OSSG), in a joint statement on Sunday, said Adeosun has inevitably caused untold harm both to the independence of SEC and the nation’s capital market in her desperate attempt to shield Oando from probe. Read more

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