BY ANAYO OCHOGA, Port Harcourt –

South-South Coordinator of the Oando Shareholders Solidarity Group (OSSG), Mr Clement Ebitimi, has called on President Muhammadu Buhari to sack the Minister of Finance, Kemi Adeosun, for allegedly meddling in the forensic audit of Oando Plc.

In a press release issued in Port Harcourt, yesterday, Ebitimi said Adeosun has “lost the moral authority” to remain in President Buhari’s cabinet considering “her repugnant role in shielding the embattled management of Oando Plc from forensic audit in the face of the monumental abuse in the company”.

Ebitimi, who led a group of shareholders to protest at Oando’s Annual General Meeting in Uyo, Akwa Ibom State in September said, “We condemn in strongest terms the recent suspension of the Director-General of the Securities and Exchange Commission (SEC), Dr. Munir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun.

“Facts in the public space have revealed that Mrs. Kemi Adeosun acted in her capacity as a federal minister to stall the impending forensic audit into Oando Nigeria Plc. This is a gross abuse of power and an embarrassment to our corporate existence as a nation. It is shameful, totally embarrassing and should be condemned by all well-meaning Nigerians.

“Dr. Munir Gwarzo has demonstrated exemplary leadership as the Director-General of the Securities and Exchange Commission. He is a trusted helmsman that has earned the respect of stakeholders in the Nigerian capital market operations,” he added.

He described Gwarzo’s suspension as “an abuse of public office, completely unexpected and unacceptable of a government official” adding that the finance minister “has personally and singly rendered the anti-corruption mantle of this government rudderless by this singular action”.

The shareholders said they won’t sit idly and watch their investment go down the drain without giving a fight and described Gwarzo’s suspension as “A clear distraction aimed at suppressing the main issue, which is that Oando as a company cannot survive as a going concern because of the gross abuse of trust and corporate governance”.