After Wednesday’s damming revelations at the House of Representatives that the Director-General, Securities and Exchange Commission (SEC), Ms. Arunma Oteh, allegedly spent N30m on hotel bills in eight months and in one day alone, allegedly spent N850,000 on food, all of which was debited SEC’s account, the embattled SEC boss has fiercely fought back, accusing the Chairman of the House of Rep Committee on Capital Market, Herman Hembe of demanding bribe from the SEC.
Ms. Oteh on Thursday alleged the lawmakers are furious at her because she turned down a request by lawmakers for N44million bribe.
The SEC boss said that the Committee Chairman had demanded a bribe of N39 million from the SEC for the ongoing hearing.
She further accused Mr Hembe of demanding N5million from the commission to enable him travel to the Dominican Republic to attend an Emerging market conference without embarking on the journey.
The serious accusations unsettled the mood at the hearing, which is being beamed live on television, with lawmakers scrambling to play down its implications.
Ms. Oteh questioned the credibility of the Chairman of the committee in conducting the probe, considering her allegations, describing the ongoing probe as a ‘Kangaroo court’, and likened the probe to an era of former Uganda leader, Idi Amin, saying “not even during the Idi Amin regime, did we have this kind of session.”
She added she was warned before her appointment, over two years ago, that “corruption will fight back at me.”
In his response, Mr Hembe noted all the allegations listed by the SEC and subjected himself and the committee to another probe which he ordered the Economic and Financial Crimes Commission (EFCC) to take up.