Wale Tinubu to File for Judicial Review of Suspension

• Wale Tinubu to File for Judicial Review of Suspension

The Group Chief Executive Officer of Oando Plc, Mr Wale Tinubu, and his Deputy, Mr Omamofe Boyo, has been granted the right to file for a judicial review of their suspensions and punishments by the Securities and Exchange Commission (SEC).

A Federal High Court in Lagos has granted an ex-parte application filed by Oladapo Shasore, the lawyer representing the embattled GCEO and his Deputy.

Justice Ayokunle Faji, who ruled in favour of the GCEO, said “the motion or summons for judicial review shall be filed and served within seven days.”

On Tuesday, Wale Tinubu and his Deputy sent a letter to SEC, informing the regulating body of the declaration. The letter stated thus;

“By this ruling, our clients have now been granted leave to apply by way of judicial review for an order of certiorari for the purpose of quashing the decision of SEC referred to above.

“The order of court referred to above operates as a stay and precludes you from carrying out any and all of the actions contained in your letter and press release of 31 May and 2 June 2019 respectively.

“The order of court also precludes you from carrying out any actions whatsoever arising out of SEC’s purported investigation into Oando Plc and its purported findings.

“Please note further, that any action taken contrary to this order of the court will amount to your being held in contempt of court.”