Daily Trust (Abuja)

Nigeria: TUC Tackles Lawmakers Over Zero Allocation to SEC

By Mohammed Shosanya, 24 December 2012

Lagos — The Trade Union Congress of Nigeria (TUC) has criticized the approved zero allocation in the 2013 budget for the Security Exchange Commission (SEC) by the National Assembly (NASS).

The union warned that the action of the lawmakers would cause more hardship for the workers of the commission.

Its President-General and Acting Secretay-General, Comrade Peter Esele and Comrade Musa Lawal said in a statement yesterday that the lawmakers should follow the due process by directing the Economic and Financial Crimes Commission (EFCC) to investigate and prosecute the SEC Director General, instead of unnecessarily starving workers of the commission with funds.

"We are against the tough stance taken by NASS on SEC by the approved zero allocation for the commission because such action by the lawmakers will infringe more hardship on the workers in the commission as a result of the feud", it said.

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