Risevest CEO Eke Urum steps down amid abuse of power, sexual impropriety allegations


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Risevest CEO, Eke Urum has stepped down from his position to allow for an independent investigation into allegations of abuse of power and sexual impropriety levelled against him.

In an official statement sighted by The Herald, the company said “Urum willingly agreed to step aside as CEO of Risevest as of August 3 2022 to allow for a 6-week investigation, set up by Risevest’s investors, to run its course”.

The company said it was committed to getting to the root of the matter, hence the launch of a formal investigation to achieve this.

“The situation is being handled with utmost transparency through an independent panel with no affiliation to employees of Risevest,” the statement read in part.

The company said the three-member investigation panel comprised Tomi Davies 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.

“We want to assure our stakeholders and the general public that we continue to operate optimally as a company, and our customers will continue to enjoy the highest quality of services and support. Here are answers to some of the questions you may immediately have,” the statement further read.

The company said that current Head of Operations, Tony Odiba, who has been with Risevest since its inception, has been leading the company as the interim CEO, while Otasowie Evbuomwan still leads Risevest’s US Operations.

“Risevest as a company has zero tolerance for abuse, harassment, and misconduct and is committed to establishing the truth of this matter while also reviewing policies to ensure a safer workplace,” it said.

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