For a while, it seemed that the storm which brewed when the Director General of the Securities and Exchange Commission (SEC), Ms Arunma Oteh appeared before the Herman Hembe led House of Representatives Committee on Capital Markets, had managed to sweep away only the lawmaker, leaving the SEC DG unscathed. Hon Hembe was dropped as chairman of the committee, and was even charged to court subsequently by the EFCC, whereas nothing happened to Ms Oteh.
Apparently, that situation is about to change, as the board of the Securities and Exchange Commission (SEC) has decided to send Oteh on compulsory leave, pending the investigation into allegations about her stewardship.
In the interim, Ms Daisy Ekineh, the Executive Commissioner in charge of Operations, will act in her absence.
A presidency source confirmed this information to a national paper, saying that the decision to send Oteh on leave was taken by the board of the commission in order to carry out its investigation into some of the initiatives under Oteh’s stewardship.
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