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Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power - Business - Nairaland

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Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by nlfpmod: 7:49pm On Oct 06
Investigation into Risevest CEO finds him guilty of sexual impropriety and abuse of power

A six-week investigation into allegations of sexual and non-sexual abuse laid against Nigeria-based stock investment startup Risevest’s founder and CEO, Eke Urum, has found him guilty of sexual impropriety and abuse of power, according to a statement shared with TechCabal.

The evidence presented to the panel could not prove sexual assault by Eke Urum. However, the evidence presented to the panel including admitted sexual relations with an employee and unwanted, inappropriate jokes and conversations revealed sexual impropriety. It also showed a pattern of abuse of power, intimidation, retaliation and workplace bullying by him,” the statement reads.

A member of the investigation panel, Toun Tunde-Anjous shared that the panel recommended that Urum should not be reinstated as CEO. Instead, Tony Odiba, the acting CEO, will remain in that capacity until the newly constituted board appoints the next CEO. Urum will transition into a non-executive member of a new board and will lead the startup’s investment strategy and provide guidance on technology.

As a leader, I have grown a lot over the years and still have a lot of growing to do, which is why I’m going to be taking additional coaching and executive training,” Urum told TechCabal in response to the findings of the investigation. “I regret the distraction that my actions may have caused and fully respect the integrity of the process the Risevest investors and the panel underwent to identify the gaps in our systems and my leadership.”

It took the investigation panel, comprised of Odun Longe and Toun Tunde-Anjous, and chaired by Tomi Davies, speaking with almost 60 current and former employees over the course of six weeks to reach a conclusion.

The investigation panel also recommended that a board of directors comprised of Urum, Tony Odiba, two investor representatives, and one independent member approved by both founder and investor groups, is immediately constituted. Risevest didn’t previously have a board of directors. The panel called that after the board is formed, the conversion of currently-held (simple agreement for future equity) SAFEs into equity should take place.

Back in August, Urum was asked to step aside by investors at the company, despite owning the largest part of the company, until the end of the investigation by panel members appointed by the investors.

“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 Eke Urum to step aside from his role as founder and CEO and an independent investigation is ongoing,” a statement shared with TechCabal then reads.

Urum expressed his desire to support Tony Odiba in his position as acting CEO while implementing the changes needed to ensure Risevest’s culture is inclusive, safe, and welcoming.

https://techcabal.com/2022/10/06/risevest-ceo-fi-him-guilty-of-sexual-impropriety-and-abuse-of-power/?utm_source=&utm_medium=twitter&s=08

1 Like 1 Share

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by STEWpid(f): 7:50pm On Oct 06
Chai

They are coming very fast, sniffing, to hunt this thread down..

Tribal war loading, 3, 2, 1,...


I talk am!


Meanwhile, based on the guy's look - his gbola must be very tiny, short, and less a problem in the community of women.

7 Likes 1 Share

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by NwaNimo1(m): 7:52pm On Oct 06
See him face........not surprised!

9 Likes 1 Share

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by dacawe: 7:53pm On Oct 06

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by bestman09(m): 7:53pm On Oct 06
angry
Bank officers and female marketers

26 Likes 3 Shares

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by VeryWickedGoat: 7:53pm On Oct 06
Kpekus 1-0 Alpha Male

66 Likes 8 Shares

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Hobbiton: 7:54pm On Oct 06
Abi he didn't pay well ni? All this sultry Nigerian girls sef

6 Likes 2 Shares

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Olojuobinrin(m): 7:54pm On Oct 06
Fraud everywhere.
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Ekpekus(m): 7:54pm On Oct 06
STEWpid:
Chai

They are coming very fast, sniffing to hunt this thread down..

Tribal war loading, 3, 2, 1,...

Chai again.

You are not different from them as you are the first to comment but your thoughts are already geared towards tribal war.
I put it to you that "you are an accomplice and an instigator".
We can do better as individuals and as a people.

37 Likes 3 Shares

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Fiscus105(m): 7:54pm On Oct 06
A man dignity should be measured about how he can checkmate excesses of his libido, and not the other round of careless hunting for anything in skirts and start hallucinating like champion.

Many blame devil while some Blame testosterone, and leave themselves for blame, ultimately the embarrassment will rest squarely on you and probably family members.

7 Likes 1 Share

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by abobote: 7:55pm On Oct 06
Nothing destroys a man like high drive for sex.

I want to try and do away with all these side chicks

13 Likes 6 Shares

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by inoki247: 7:55pm On Oct 06
This one don enta him Village people trap....
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by owobokiri(m): 7:57pm On Oct 06
Looks and sounds like a hatchet job on the guy..

5 Likes

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by ATEAMS: 7:57pm On Oct 06
Damnit
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by FreeStuffsNG: 7:57pm On Oct 06
Hmmm. That is why sometimes it is better to grow up steadily in life to reduce the chances of falling to hubris.
check my signature for free stuffs!
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Okonandmary: 7:57pm On Oct 06
rape, sexual harrassment, Sexual Impropriety are all the traits of ugly men
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Hndrrxxx(m): 7:58pm On Oct 06
RIPP








RICH NIGGA Caught with a bitch worth minimum wages

1 Like 1 Share

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by faithfull18(f): 7:59pm On Oct 06
Smh.
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by chrysso83(m): 7:59pm On Oct 06
Ok
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Fiscus105(m): 8:00pm On Oct 06
abobote:
Nothing destroys a man like high drive for sex.

I want to try and do away with all these side chicks


You start now and not procrastinate till tomorrow.

5 Likes

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by dfrost: 8:00pm On Oct 06
angry shocked

1. Money
2. Power
3. Sex

Nothing kills a man faster than these.
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by STEWpid(f): 8:00pm On Oct 06
Ekpekus:


You are not different from them as you are the first to comment but your thoughts are already geared towards tribal war.
I put it to you that "you are an accomplice and an instigator".
We can do better as individuals and as a people.

Chai

Tribal war without the mention of any tribe?
Or, are you feeling guilty already?

Don't be so emotional young bro!

Stop been so sorry like zebrudiah.
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Originalwafi: 8:01pm On Oct 06
Hmm
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Gandah(m): 8:01pm On Oct 06
If u learn to control yourself as a man then you've solve 70% of your problems

2 Likes 1 Share

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by incogni2o: 8:02pm On Oct 06
This one na Judge a book by its cover.
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Unclefemolala(m): 8:02pm On Oct 06
Another man down
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Fiscus105(m): 8:02pm On Oct 06
Even if a man want to do, I think it's honorably to do it far away from places like office, home and worship center, but for he-goats that their 3rd legs have totally taken control of them, they foolishly and dangerously taken risky and shameful adventures.

6 Likes

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by Unclefemolala(m): 8:03pm On Oct 06
dacawe:


Cc seun

Posting adverts

1 Like

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by CSTRR: 8:04pm On Oct 06
Nigerian ladies are so going to deal with all these Randy tech bros.

3 Likes

Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by davillian(m): 8:04pm On Oct 06
shocked
Re: Risevest’s CEO, Eke Urum, Found Guilty Of Sexual Impropriety And Abuse Of Power by SafariHunter(m): 8:08pm On Oct 06
Lessons for All

Actions and consequences..

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