Bribery Scandal Rocks House Of Representatives Panel

// News | Top Stories | Bribery Scandal Rocks House Of Representatives Panel
Email to a friend Plain text Print version // Font size: Decrease font Enlarge font

House of Representatives probe of the Securities and Exchange Commission (SEC) hit turbulent weather yesterday as the Director-General, Ms. Aruma Oteh, fired allegations at the panel from all cylinders.

Oteh did not mince words and repeatedly challenged the Chairman of the committee, Hon. Herman Hembe, to prove his credibility to sit as judge over such probe when he allegedly collected a cheque from her office to travel to the Dominican Republic last year and never did. Oteh asked Hembe to tell Nigerians if he returned the money for the trip, which he did not make. 
The shocking turn in the event actually had shocking effect on Hembe, who managed to find his words in reply that the investigation must continue. He, however, avoided answering Oteh on whether the allegations from her were false. He rather threw it back to the Economic and Financial Crimes Commission (EFCC) to probe him.

Oteh’s allegation came a day after the committee accused her of expending N85,000 on a day’s  meal at Transcorp Hilton and violating the rules of employment in the hiring of SEC workers.
The committee had on Monday commenced a public hearing on the declining fortunes of the capital market. The investigation yesterday, however, began with the drama as Oteh turned the heat on Hembe and the Deputy Speaker, Emeka Ihedioha.

Few minutes after she got into the hall, she raised a hand to make some complaints. Hembe granted her permission to speak. She said the committee was not competent to continue with the investigation of the activities of her office and the performance of the capital market under her.

She hinged her reason on the fact that Hembe allegedly requested for N39 million to finance the investigation of the failure of the capital market. She alleged that when the request was turned down, the committee chairman, a week to the kick-off of the public hearing, asked for N5 million since the earlier request was refused because the amount was considered high. Again, Oteh said she declined the request.
Oteh said that all the requests were turned down, the reason she alleged was responsible for the committee’s hostile attitude towards her.

Oteh equally claimed that Hembe had last year collected from SEC some money and a business class ticket to travel to the Dominican Republic for a conference. She claimed that Hembe did not travel and never returned the money. “Mr Chairman, I question your credibility to preside over this probe. On October 20 last year, you were given a cheque to travel to the Dominican Republic to attend a conference, you need to tell Nigeria whether you attended the conference yet, you did not return the cheque,” she said
Hembe simply replied: “I hope the EFCC operatives are here, strong allegations have been made against me and the committee, you should investigate the allegation.”

Continuing in her claims, the SEC boss said that Hembe was unfit to preside over the investigation because he had some biases against SEC even as she insisted that her recruitment of some staff of Access Bank staff was in order. She argued that if the committee did not see anything wrong with Ihedioha, who is a nephew to the former DG, Dr. Ndi Okereke-Onyiuke influencing his wife to work at SEC, there was nothing wrong in her recruiting some staff of Access Bank on secondment.

She charged: “If you insist that it was wrong for staff of Access Bank to be deployed in SEC, can you explain why the current Deputy Speaker, Emeka Ihedioha, who is a nephew to former DG of the Nigerian Stock Exchange (NSE), Ndi Okereke-Onyuike, has his wife in SEC”
In view of the allegation, she reiterated that the committee was not competent to continue the public hearing on the activities of her office.

However, in defending himself and members of the committee, Hembe said he is ready to give himself up for investigation, dismissing the allegations by Oteh as diversionary tactics. He claimed that Oteh was engaging in blackmail to water down the allegations against her.

Another drama ensued when the issue of accommodation of the DG was raised. The commissioner in charge of Legal Duties in SEC, Charles Odunaro, denied knowledge of Ms Oteh’s eight months residence at Transcorp Hilton, contrary to the 56 days allowed by the civil service and SEC laws. Head of Finance and Admin in the organization did not deny knowledge of her stay. He said though he was aware that SEC was contravening the law on the number of days she was entitled to stay in a hotel, he was constrained by the fact that there was no befitting accommodation for her.
Oteh is said to have spent over N30 million as hotel bills in the last eight months she has lodged at Transcorp Hilton.
On the N66.125 million earmaked for payment of official residence for Oteh, he said he knew such payment was in violation of the monetisation policy.

Tagged : Pat Attah, Bassey Nnoyo, Oshiomhole wins Edo polls, Nigerian lawmakers

Headlines Newsview all

D'banj Dragged To Court Over Debt Mess

This are indeed not the best times for koko master, and has a matter of fact this is the first time I am hearing D’banj ... Full story

Femi Fani-Kayode insults Governor Rotimi Amaechi - 'You are a pot bellied, house boy, monkey and cultist'

In a Facebook post titled The Pot-bellied Creek Haramite And His Direct Threat, former Aviation minister Femi Fani Kayode slammed River State governor, Rotimi Amaechi, ...

Fresh Boko Haram Attack In Borno State Leaves 45 Dead!

At least 45 people were killed in a suspected Boko Haram attack in northeast Nigeria, officials and witnesses said on Thursday, in the latest violence ... Full story

Nebraska Man Erected A Roadside Sign That Read: 'Aids, Ebola, Obama. Thank You Africa'

A hateful roadside sign blaming Africa for disease and Barrack Obama was erected by a man near a highway in Minden, Nebraska, and was soon ... Full story

President Goodluck Jonathan Says Nigeria Is Winning Boko Haram War

President Goodluck Jonathan on Friday said contrary to media reports, the Federal Government had started winning the war against the Boko Haram sect. He boasted that ...

T.B. Joshua Says He Has A Cure For Ebola

Sensational Nigerian Christian leader, Prophet T.B. Joshua, has thrown a challenge to the governments of countries where persons have contracted the Ebola virus, to invite ... Full story

Super Eagles Of Nigeria Crash Out Of 2015 AFCON

African champions Nigeria crashed out of the 2015 Africa Cup of Nations on Wednesday after playing a 2-2 draw with Bafana Bafana of South Africa ... Full story

Pandemonium, Confusion In National Assembly, Speaker Of The House Aminu Tambuwal Tear-Gassed

Tension is mounting in the National Assembly as the House of Representatives reconvenes today for a special sitting. The assembly is under siege as armed security ...

Miss Honduras found dead after vanishing two days before she was due to fly to London for Miss World contest

Reigning Miss Honduras Maria Jose Alvarado and her older sister have been found dead in a small village almost a week after their disappearance. The champion ... Full story

Katsina Governor Ibrahim Shema Caught On Video Urging Supporters To “Crush And Kill” Political Opponents

A video showing Katsina state governor, Ibrahim Shema urging and gearing his party members to physically assault and also kill opposition party members if they can has surfaced online.  The ...

Lagos Lawyer Sebastian Jidonu Seeks Justice Over Police Brutality

On October 18, when Sebastian Jidonu, a lawyer, walked into the office of the Area K Police Command in Morogbo, near Badagry to settle a ... Full story

Comment on: Bribery Scandal Rocks House Of Representatives Panel

Rate this article

0

Breaking News

Breaking News: ChazB Of Rhythm FM Confirmed Dead

Charles Bruce Chukuma, popularly known as Chaz B on Rhythm FM is dead. Chazb who was the anchor of sharinglifeissues on the Rhythm93.7 Network died early ...

Top Comic Trending Pics: Daddy Why Do You Always Go Out With Broom?

Disclaimer: Do not use this forum as a channel to promote hatred, tribalism or any other kind of personal grievances. The administration can delete or ...

I Don’t Wish to Get Married……Flavour Nabania

Nigeria’s handsome and female’s choice singer, Flavour Nabania, is well rated and widely adored with his style of music which keeps him on top of ...

Recipies: Learn to cook local Cow Tail Stew

Well prepared cow tail stew can be served with rice and it can also be used to prepare pepper soup Ingredients 3lb 5oz (11/5kg) cowtail trimmed and ...

Dejo Tunfulu Escapes Death As He Almost Bled To Death On Movie Location

This is painfully not the best of times for Yoruba actor, Mac-Tokunbo popularly known as Dejo Tunfulu. It was reported that the script interpreter was on ...

What is Funke Akindele & Malaika Not Telling Their Fans?

A particular suspicious picture of Nollywood actress Funke Akindele and her casual friend, Fuji star Suleiman Alao Adekunle Malaika has dominated the the Internet since ...

Marriage Has Made Me A Better Person- Charles Inojie

Nollywood star, Charles Inojie has indeed pitched a tent for himself in the make-believe world, thus needs no further introduction. The Edo-State born actor who doubles ...

Shan George Plans To Return To 'Jericho'

The latest Nollywood grandmother, Shan George is heading to greater heights in her movie career. The 2-time married actress who's first son just had a baby ...

Don Jazzy's Dorobucci Turned Into A Movie

Nigeria film industry never seem to stop amazing their fans and patronizers with different kind of adaptation of musics and turning them to movies. The had ...

Has Genevieve Nnaji Married Secretly?

Classic Nollywood super mama, Genevieve Nnaji has kept tongues busy since she was last spotted at the recently concluded Africa International Film Festival event that ...