Following allegations of sexual and non-sexual impropriety from someone who can be reasonably expected to have knowledge of such, investors of Risevest have asked the founder Eke Urum to step aside from his role as CEO and an independent investigation is ongoing.
Eke agreed to step aside and abide by the rules and results of the investigation panel setup by the investors. In the interim, Tony Odiba, Risevest’s current Head of Operations, will lead the company as the acting CEO, while Otasowie Evbuomwan will lead the company’s US Operations, with the investors supporting them in their new
roles.
The independent investigation panel includes Tomi Davies (TD) of TVC Labs as Chair, Odunoluwa Longe of TLP Advisory as Legal Adviser, and Toun Tunde-Anjous of The People Practice as People and Culture Adviser.
Risevest’s investors strongly oppose any form of harassment and impropriety and will carry out extensive measures to investigate all allegations.
To this end, the panel is allowing for a period of time for former employees of Risevest to share information that may assist with the investigation, whilst simultaneously speaking with current employees of the company.
The investors and panel note that they are not investigating any financial impropriety nor do they have any reasons to believe depositors’ funds are at risk.
Featured Image: Eke Urum, CEO & Founder, Risevest
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