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Suspended PIC executive denies impropriety in Ayo investment

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Fidelis Madavo, executive head of the Public Investment Corporation’s Listed Investments unit, was suspended this morning prior to testifying.

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Top PIC executive suspended over AYO Technology Solutions investmentThe commission of inquiry probing governance and investment decisiosn at the state asset manager learnt that the corporation's Head of Listed Investments, Fidelis Madavo, has been suspended.
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Not a tinge of impropriety will be found in AYO transaction, says PIC executive | IOL Business Report'I’m proud to say even if there seems to be failures on what we did on Ayo, I do not think there will be any tinge of impropriety that will be found.' isn't this newspaper owned by one of the culprits?
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