BusinessCompany NewsMore execs quit at Cadbury Nigeria

More execs quit at Cadbury Nigeria

Accounting scandal claims more scalps

Four executive directors of
Cadbury
Schweppes’s Nigerian
subsidiary have resigned from the company.

The resignations of
Teju
Bogunjoko, Biodun Jaji, Segun Oyewole and Gabriel Onabote
came less
than six months after the company’s chief executive and finance director were
ousted following an accounting scandal.

The four directors were not implicated in any wrongdoing.

In December, Bunmi Oni, the chief executive of Cadbury Nigeria, and Ayo
Akadiri, the FD, were ‘relieved of their positions’.

Cadbury said that the problems in Nigeria had hit its 2006 earnings by up to
£53m.

Further reading:

PwC facing lawsuit over Cadbury audit

Cadbury resolves Nigerian debacle

Cadbury sweats over Nigerian meltdown

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