RiseVest CEO temporarily stepped down to allow investigation into his alleged sexual misconduct

  • Eke Urum stepped down on August 3rd and has been temporarily replaced with Tony Odiba, the Head of Operations.
  • The company assured its stakeholders that the development will not affect its operations in any way.
  • Urum co-founded the company and has served as its CEO since 2019, facing several allegations of workplace impropriety along the way.

Eke Urum, the Chief Executive Officer of Nigerian fintech firm RiseVest has temporarily stepped aside to pave the way for an investigation into the latest allegation of sexual and non-sexual misconduct levelled against him.

A statement by the company, seen by Naija Telegraph, explained that the embattled CEO stepped aside earlier this month after an independent investigation panel was constituted.

The investigation is scheduled to last for six weeks, during which the company will try to unravel what truly transpired. Findings from the investigation will be made public two weeks after the conclusion of the investigation process.

In the meantime, the company will continue to operate optimally even in the absence of the CEO. The statement by RiseVest assured stakeholders that the company’s operation does not depend on any single individual and will therefore not be affected by the development.

“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,” part of the statement said.

Already, RiseVest’s current Head of Operations, Tony Odiba, has stepped into the role of Interim CEO.

The company stressed that it had zero tolerance for abuse, harassment or any form of misconduct and will do everything possible to establish the truth of the case.

Naira Telegraph understands that the identity of Urum’s accuser is unknown at this point. Very little is known of the details of the accusations.

However, this is not the first time the embattled CEO has been accused of inappropriate workplace behaviour. Last year, the company’s former Head of Marketing accused him of workplace bullying. He later apologised.

Note that RiseVest specialises in unlocking and facilitating foreign investment opportunities for Africans.

Eke Urum co-founded the company and has served as its CEO since 2019.