Eke Urum, the CEO and founder of Nigerian-based fintech startup, Risevest, has resigned his position following allegations of sexual and non-sexual improprieties. According to reports, Eke was asked to resign by investors of the platform while the appropriate bodies carry out an independent investigation.

Eke has also agreed to step aside while the investigation panel setup by investors carries out their investigation. In the interim, Tony Odiba, the company's current Head of Operations, will now assume the duties of the CEO while Otasowie Evbuomwan will lead the company’s US Operations, with the investors supporting them in their new roles.

According to Risevest, 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.

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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.