Apart from Oni and Akadiri's ban, others recommended for investigation and prosecution include Dr. Uduimo Itsueli, Chairman of the company, Mr. J.S. Bogunjoko, Mr. Abiodun Jaji, Mr. Andrew Baker, Mr. Christopher Okeke, Mr. Olatunde Falase, Chief Raymond Ihyembe, Mr. Gabriel Onabote, Mr. Olusegun Oyewole, Mr. Matthew Shattock, Mr. Olusegun Aina, Mr. Akinbode Gbolahan and Mr. Tunde Egbeyemi.
...Thereafter, the Chairman of Cadbury, Itsueli, through a letter to the Commission dated November 16, 2006, reported the engagement of an independent firm, PriceWaterhouseCoopers (PWC), to investigate the allegation of overstatement in the company's financial statements for the period 2003 to September 30, 2006.
"The company as Issuer and Uduimo Itsueli
, Bunmi Oni and other members of the board, some management staff and audit committee members, in 2005 authorised the issuance of a Rights Circular dated August 24, 2005 which contained untrue statements.
..."Uduimo Itsueli, the company's chairman, stated in the 2001 annual report and account that the company had taken over the payment of dividend and this continued up to 2006 despite the Commission's letter directing it to allow the Union Registrars Limited to perform its statutory function."
, Falase, Ihyembe, Onabote, Oyewole, Shattock, Ayorinde, Enuwa and Balogun are suspended for one year from operating in the Nigerian capital market; employed in the financial services sector; or holding directorship positions in any public company in Nigeria.