ABUJA, June 2 (Reuters) - Nigeria's Securities and Exchange
Commission (SEC) has set up an interim management team to
oversee local oil company Oando OANDO.LG , the financial
watchdog said on Sunday.
It said in a statement the team would conduct an
extraordinary general meeting on or before July 1 to appoint new
directors.
Nigeria's SEC said on Friday it ordered a number of Oando
board members to resign following an investigation. added that it found "certain infractions of securities and
other relevant laws" during the investigation.
Oando's chief executive said the allegations were
unsubstantiated.