Consolidated Capital Market Stakeholders Forum (CCMSF) has backed the recently released forensic audit which the Securities and Exchange Commission (SEC) has against Oando Plc. In a statement signed by the Forum’s president Umar Usman, CCMSF took a swipe at insinuations in some quarters that the capital market regulator was unfair to Oando Plc in the report of the forensic audit.The group noted with great concern how the issues surrounding the forensic audit of Oando Plc is degenerating. They, however, frowned at the fact that Oando’s issue is being compared to problems earlier faced by Ecobank Transnational Incorporated. The statement read partly,

After over a year of forensic audit, the Securities and Exchange Commission (SEC) has concluded investigation of Oando Plc and barred the Group Chief Executive Officer, Mr Wale Tinubu, from being a director of a public company for five years.