The
embattled Director-General, Securities and Exchange Commision, Ms
Arunma Oteh, is likely to petition President Goodluck Jonathan to
reverse the order by the SEC board asking her to proceed on compulsory
leave.
A close aide of the DG,
who asked not to be named, said the decision sending her on compulsory
leave was taken to ridicule her as well as pursue an agenda of tenure
extension.
The source said, “You
will recall that all the members of the SEC Board, apart from the DG,
are due to end their tenure on the board this Friday, and so coming up
with this kind of thing now, surely, seems like a bid to unduly extend
their tenure.
“However, Oteh has a lot
of options open to her, and she will take the matter to her employer to
query the decision of the board in terms of due process and fairness.
It is obvious that due process was not followed in all this.”
PUNCH
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