No SEC 2013 Budget As Reps Stick To Guns

Must Read

FULL SPEECH: Buhari’s Nationwide Broadcast On Coronavirus

ADDRESS BY H.E. MUHAMMADU BUHARI, PRESIDENT OF THE FEDERAL REPUBLIC OF NIGERIA ON THE COVID- 19 PANDEMIC SUNDAY 29TH...

COVID-19: Extend Assistance To Other States Apart From Lagos, Lawmakers Beg Banks

The senate committee on banking, insurance and other financial institutions has urged banks to look beyond Lagos in its...

Coronavirus: Atiku Recommends 4 Ways To End Pandemic

Former vice president Atiku Abubakar has recommended that the coronavirus currently ravaging nations can be defeated by four ways.Speaking...

Coronavirus: Taraba Shuts All Land Borders, PDP Meeting Suspended

The Taraba State Government has announced the closure of the state's land borders to check the incursion and spread...

Coronavirus: Osun State Announces Total Lockdown

Governor Gboyega Oyetola has announced a total lockdown in Osun State, just after the state recorded its second case...
daniel
Ardent Reader, News Freak, Socio-Political Commentator, Archaeologist & Pro-Democrat.

The battle of supremacy between the House of Representatives and the Securities and Exchange Commission (SEC), backed by the Federal Government took a dramatic turn on Thursday, 20 December when the budget for the Commission was excluded from the 2013 appropriation bill approved by the House.

ARUNMA-OTEH
DG SEC: Ms. ARUNMA OTEH

The House had in July this year adopted the report of its adhoc committee on the “near collapse” of the Nigerian capital market chaired by Rep. Ibrahim Tukur El-Sudi (PDP, Taraba) which called for the sacking of Ms. Arunma Oteh, the Director General of the commission over gross misconduct.

However, Oteh, who was earlier sent on compulsory leave by the government, was recalled back to her post in the wake of the consideration of the capital market probe report in July.

On resumption from its two months annual recess, the House passed another resolution mandating the President to sack Oteh within 14 days.

“This means that the commission will not be able to pay salaries and embark on some expenditure as from January next year if Oteh remains the DG,” said House Chief Whip Rep. Ishaka Mohammed Bawa (PDP, Taraba).

- Advertisement -

1 COMMENT

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More Articles Like This

- Advertisement -