4 December 2012

Nigeria: Reps Walk Out SEC Officials From Meeting

The House of Representatives Committee on Finance on Monday in Abuja walked out officials of the Securities and Exchange Commission ( SEC) from a meeting with revenue generating agencies of government.

It will be recalled that the Senate and the House after investigating the near collapse of the Capital market, resolved not to have anything to do with the commission, unless the Director- General, Ms Arunma Oteh was sacked.

Rep. Abdulmumin Jibrin ( PDP-Kano), the chairman of the committee said that their invitation was done in error as they were not supposed to be at the meeting.

" We mistakenly include you in the advertisement, as you know, the National Assembly is not having any deal with you, so kindly take your leave, " he said.

Oteh was represented by Mr Abatcha Bulama, director of finance in the commission.

The members of the lower chamber of the National Assembly had called on President Goodluck Jonathan to sack Oteh.

The SEC Board sent Oteh on compulsory leave in order to enable external auditors examine the records of the commission's transactions covering projects she supervised, but she was later recalled by the Presidency.

Briefing State House correspondents on Oteh's recall the Special Adviser to the president on Media and Publicity, Reuben Abati said that the Federal Government had studied the report by the auditors and noted that Oteh was not indicted for fraud nor criminal breach in any form.

Abati said that the government, however, cautioned Oteh to henceforth endeavour to diligently observe all extant rules and administrative procedures in the conduct of all official transactions.


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