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

Rilwanu Lukman, Former Minister Of Petroleum Dead At 76

Former Minister of Petroleum, Dr. Rilwanu Lukman, is dead. He died this morning in Austria at the age of 76. Lukman, who was born in Zaria, ...

Samuel Kayode, Nigerian Pastor In UK Commits The Biggest Education Fraud In UK History

An accountant at a chain of academies championed by Michael Gove is at the centre of a fraud investigation after £4million of school funds ended ... Full story

Oby Ezekwesili Harassed By Security Operatives At Abuja Airport

Operatives of the Department of State Security this morning seized the international passport of the Coordinator of the BringBackOurGirls group and former Minister of Education, ...

Armed robbers attack Sambo’s wife aide, killing two

Armed robbers on Sunday took over the Kaduna-Abuja Express way unleashing terrors on motorists/passengers, leading to death of two persons. Also, a health practitioner in Kaduna, ...

Nigerian gay pastor, Jide Macaulay says being gay has no expiry date

Last year, NE reported the activities of Reverend Rowland who was running a gay Church underground in Lagos, Nigeria. The Church called House of Rainbow ...

T.B. Joshua Allegedly Predicted Malaysian Airlines MH17 Plane Crash

T.B. Joshua has just released video showing him foreseeing the controversial Malaysian Airlines MH17 disaster precisely five months earlier. The footage from February 16, 2014 shows ...

Fela's Ex-Wife Reveals Shocking Details About Him

One of the wives of the late Afrobeat legend, Fela Anikulapo-Kuti, Laide Anikulapo-Kuti, Nee Babayale, has revealed some shocking details about the late legend. It ...

Boko Haram Attacks Borno State Killing Several People

Gunmen suspected to be Boko Haram sects on Friday morning at about 5am, July 18 attacked Damboa in Borno State, killing several people in the ... Full story

Nollywood Actress Bukky Wright Almost Chased Out Of Matrimonial Home

Popular Nollywood actress, Bukky Wright, is at it again! This time, it's not for an attention-grabbing role in a blockbuster movie, but the real-life drama ... Full story

Africa's Richest Pastor Bishop David Oyedepo’s Net Worth Hits N600 Billion !

The Abrahamic order of blessing is surely speaking on highly honoured Man of God and the Presiding Bishop of The Living Faith World Outreach Ministry ... Full story

Saudi Arabia’s Ambassador To Nigeria Punches Policeman In Abuja

On Friday, Saudi Arabia’s ambassador to Nigeria unleashed terror on a police officer on duty at the official residence of IGP MD Abubakar in Maitama ... Full story

Comment on: Bribery Scandal Rocks House Of Representatives Panel

Rate this article

0

Breaking News

I celebrate my hero today!---Omoni Oboli

Today the 21st of July Nollywood actress, Omoni Oboli is celebrating her husband, Nnamdi Oboli as he marks his birthday.The beautiful mother of three boys ...

Christy Essien’s Constant Appearance In My Dream Made Me Remarry—Husband Speaks

Christy Essien Igbokwe, fondly called ‘lady of songs’, may have died, but her legacy remains to make many remember her.some months ago, the late singer’s ...

Nollywood Actress, Phina Don Plans Lagos White Wedding For Saturday

Fast-rising actress, Phina Don will hold her white wedding on Saturday, July 26, 2014 in Lagos.On Saturday, July 19, 2014, the actress held her traditional ...

Jnr Pope Weds Lover, Plans White Wedding In Asaba

Popular Nollywood actor, Junior Pope Odonwodo held his traditional wedding over the weekend, which was attended by some friends and family members. The lovebirds looked ...

Breaking News: Air Force Jet Crashes In Borno

An Mi-35 helicopter belonging to the Nigerian Air Force has crashed in South of Bama, in Borno State, this afternoon due to technical fault.This was ...

Afrocandy Charges N7000 For Auditions

Daring actress, Afrocandy, has begun work on her new movie and has asked those intending to be in the flick to pay the sum of ...

I’m Not Yet A University Graduate—Davido

Wave-making artiste and current BET 2014 'Best African Act' winner, David ‘Davido’ Adeleke slammed those claiming he was part of the recently graduated students of ...

25-Year-Old Faith Eriata Wins Miss Global Nigeria

On Sunday, July 20, 2014, all roads led to the Havilah Events Centre in Victoria Island, Lagos for the prestigious Miss Global Nigeria (MGN) beauty ...

Christy Essien’s Constant Appearance In My Dream Made Me Remarry—Husband Speaks

Christy Essien Igbokwe, fondly called ‘lady of songs’, may have died, but her legacy remains to make many remember her.some months ago, the late singer’s ...

Why I Have Not Been Active In Music—Munachi Abii

Female rapper and songwriter, Munachi Abii, has revealed the reason behind her absence in the booming entertainment industry in Nigeria. She disclosed that she went ...