regulatory
confidence high
sentiment negative
materiality 0.50
FDCTech dismisses auditor Olayinka Oyebola due to OTC prohibited status, engages Lao Professionals
FDCTECH, INC.
- Board approved dismissal of Olayinka Oyebola & Co. on April 3, 2025 because OTC Markets Group designated them a Prohibited Service Provider.
- No disagreements on accounting principles, financial disclosure, or audit scope during Olayinka's tenure (July 2024–April 2025).
- New independent auditor Lao Professionals (PCAOB member) engaged effective April 3, 2025.
- No prior consultations with Lao on any transaction, audit opinion, or reportable event.
- Olayinka agreed with the disclosures in a letter filed as Exhibit 16.1.