SEC boss accuses lawmakers probing her of demanding N39 million bribe Reviewed by Momizat on . Another drama ensued on Thursday at the House of Representative Committee on Capital Market and other Financial Institution’s public hearing on capital market a Another drama ensued on Thursday at the House of Representative Committee on Capital Market and other Financial Institution’s public hearing on capital market a Rating:
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SEC boss accuses lawmakers probing her of demanding N39 million bribe

Another drama ensued on Thursday at the House of Representative Committee on Capital Market and other Financial Institution’s public hearing on capital market as the Director General (DG) of Security and Exchange Commission (SEC), Oteh Arunma accuses the Chairman of the House of Rep Committee on Capital Market, Herman Hembe of demanding bribe from her.

Ms Arunma said that the Committee Chairman had demanded a bribe of N39 million from SEC for the ongoing hearing.

She further accused Mr Hembe of demanding N5million from the commission to enable him travel to the Dominican Republic to attend an Emerging market conference without embarking on the journey.

The DG made these accusations in response to the claims by the Committee that she has mismanaged the affairs of the commission and the committee was out to tarnish her intergrity.

She questioned the credibility of the Chairman of the committee  in conducting the probe, considering her allegations.

In his response, Mr Hembe noted all the allegations listed by the SEC and subjected himself and the committee to another probe which he ordered the Economic and Financial Crimes Commission (EFCC) to take up.

Ms Arunnma described the probe as a ‘Kangaroo court’, and likened the probe to an era of former Uganda leader, Idi Amin, saying “not even during the Idi Amin regime, did we have this kind of session.”

The visibly angry former Vice-President of the Agriculture Development Bank, who was questioned about her competence to preside over the SEC, the day before, brought all her credentials and narrated her career path to the sitting. She demanded an explanation why the committee chairman questioned her integrity despite her screening by the Senate.

She stated that she was warned before her appointment, over two years ago, that “corruption will fight back at me.”

Illegal purchaes

The Chairman of the House of Rep Committee on Capital Market also questioned the Legal Commissioner and the Director of Finance on the rational of buying three Toyota Hilux vehicles for N32 million without following the procurement act of passing the resolution to buy the vehicles through the proper tenders’ board.

The Executive Commissioner Legal and Enforcement, Charles Udora confirmed that a memo to buy the vehicle was raised but that he refused to sign it.

He said he did not sign the tender bid to buy the vehicle because he did not attend the tenders’ board meeting where the purchase of the vehicle was resolved, “and as the most senior lawyer in the commission, I cannot sign the memo.”

The commission’s Finance Director said though he did not attend the tenders’ board meeting, he signed the memo assuming that the meeting held as a ‘virtual meeting’.

The committee resolved that the tender board meeting never held and that the memo was passed around for people to sign.

Mr Hembe said though the public procurement acts categorically states that the Secretary of the tenders’ board must be the director of the procurement department or someone from the department nominated by the director, in SEC the Secretary is a staff from the tenders’ board secretariat.

SEC paid N62 million as rent for DG

The committee asked the management of the commission to explain a memo that was issued by the Technical adviser to the DG, Franca Chukwuogu to the Head of Administration.

In the Memo (CADEO) dated 26/01/2011 Ms Chukwuogu had demanded through the head of Administration that the commission pay the rent for a five bedroom bungalow as the official rent for the DG.

Another Memo from the Head of Administration, Bello Ibrahim showed that the rent for the five bedroom apartment at Maitama district of Abuja cost the commission over N62 million.

The Committee asked the management of the commission to explain why it paid the rent of the DG despite the enactment of the monetisation policy by the Federal government.

Furthermore, the committee questioned the rational of the commission for paying the bill of the DG who on appointment stayed at the Hilton Hotel for eight months instead of the 28 days recommended by civil service rule.

The committee also accused the management of SEC of abandoning its own training institute – The Nigeria Capital Market Institute (NCMI) while dishing out training contracts to private consulting firms.

It took the intervention of the Chief Whip of the House of Representative, Mukthar Mohammed, who was present at the hearing, to calm the exchange of words between the committee’s Chairman and the SEC boss.

Mr Hembe adjourned further hearing on the matter to next Tuesday.


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  • http://YourWebsite... john

    this sec woman is a bloody liar, she wants to go down with somebody. yeye old woman.

  • Zikky

    This is gross! 8mths in Nicon bill can feed a whole community here in d east 4 2months putting smiles on d less priviledged faces! But see aw it is wasted! That is why when God remembers these government officials, He disgraces dem like a dying lion! Now from court hearing to another! This would keep adjourning 2next yeAr… Plz u people in power shld help us & also help urselves! Power intoxicates buh u can limit it…

  • Adagba tokwule

    From all indication, the so called DG’S hands are not clean.

  • femi

    For point of correction SECOND did not pay the said 62million because the deal was cancelled due to the facts that the Landlord want them to pay for more years.
    My take on this generally is that thieves are probing thieves.

  • http://YourWebsite... Peter

    Is this about probing the failure of SEC to protect investors or probing the internal affairs of SEC? It is clear that both the House Committee and SEC have been compromised. It is a dance of shame!

  • femi

    For point of correction SEC did not pay the said 62million because the deal was cancelled due to the facts that the Landlord want them to pay for more years.
    My take on this generally is that thieves are probing thieves.

  • http://YourWebsite... ikechukwu ogbonna

    This goes to confirm tales that the members of the National assembly always demand bribes for any hearing!

    • http://YourWebsite... Kolade S

      The biggest disservice to self and ofcourse our institutions is to rush to conclusion and believe issues on their face value.The DG did not raise these issues on the first day when everybody applauded her presentation.It would have been more credible if she gave her objection as to the constitution of the panel on the first day and not wait till issues regarding her integrity are being discussed.However,institutions like SEC are bigger than individuals.SEC had made do with many DGs before eventhough they may not all be first class candidates like the incumbent but she must learn to apply herself to the rules of the presiding officer of the Public hearing and that has nothing to do with fair hearing.let her wait until she’s given the chance to react to issues and when such opportunities are given,she should address the main issue.

  • http://YourWebsite... El Farigo

    I watched the proceedings today, I agree with the DG, the session looks more like a kangaroo court indeed. The woman was not allowed to talk. She kept being interupted. There is a hint of a predetermined agenda from the look of things. Absolutely no objectivity.

  • Victor Cole

    Who is clean? The DG should address the issues being raised by the committee. She can refer the people demanding for bribe to EFCC after the probe. Thousands have lost job and money in the capital market. Can we afford to continue this way when the people that are suppose to sanitize the system from both sides of the divide are not above board?! Somebody help us!

  • http://YourWebsite... Iyke

    She is instrumental in the sacking of former DG NSE for alleged incompetence and corruption, now from all indication she is neck into it.

  • Pee ayo

    What a shame from both ends. Rubbish !

  • http://YourWebsite... Emma Anyagwa

    I strongly believe that if the Committee had not accused the SEC DG, she wouldn’t have pointed out the so called Committee’s N39m bribe et al. She was visibly angry and that makes me smell a rat.

  • http://YourWebsite... Orilogbon F.A

    witch hunting or not i think this woman has decided to monopolise the SEC,speaking from what i saw during the probe today, i think she made everyone work just the way she wants the job done,employ those she want’s, deploye those she does not want to another station and makes the other directors who have being working out of fear of not loosing there job look like a fool.this should be a lesson to all civil servant’s to work as there position requires.and not just answer foolishly to there boss.the legal department was ompletely taken away from all the transaction,really starnge.

  • http://YourWebsite... Ikpen Andrew

    This woman is a strong woman. She has put some facts on the ground on the actions of the Law Makers which must not be left out. Right now the matter is still under consideration before the house committee. Let’s see how things unfold as the probe progresses.

  • http://YourWebsite... Tope

    I feel this house committee constituted to probe the SEC DG is not proper. Are they not doing the job of the police or EFCC? That is why you see alligation that the committee chairman is demanding bride. We all know that money usually exchange hands in Abuja. But the DG must have a proof for this alligation and if she doe not, then she is adding another water to her troubled pot.This is not peculiar, all government parastatals are corrupt and unruly.This woman and her colleagues have committed a crime and they should be in the custody of the police or EFCC and not been questioned by the house please. The house is not clean, how can they say someone is not.

  • http://YourWebsite... Wunmi

    This really is a kangaroo court with a predetermined agenda. What a show of shame. All fingers crossed as event unfolds itself.

  • Psycophant

    The Sec DG is more passionate in the defense of her credibility or the lack thereof as opposed to providing insights that will help unravel the truth about her proclivity and penchant to maintain her looks using public funds and doing so with wreckless abandon.

  • http://YourWebsite... Yemi Mohammed

    After calmly watching today’s proceedings, I now have my notes re-captioned as follows: “The Hon. Herman Hembe House Committee on Capital Market Vs. Ms Aruma Uteh: Who is Hunting Who!!?” A very interesting drama that is turning the hunter into the hunted seems to be gradually unfolding before our very eyes, and there no telling as yet how it will end. But man, strange things are really happening in this country. Many times while yesterday’s and today’s proceedings were on, I had found myself cringing at the way and manner the witnesses (particularly, Ms Uteh) were being treated by the Committee, and I was asking myself over and over again this impotent question: Lord, can there be another country like this on earth? That was even before Ms Uteh came up with her grave accusations of corruption against the Committee. But mind you, one is not making any value judgment yet in this matter against any of the dramatis personae. For now, it seems wiser to wait and see how things develop henceforth. But meanwhile, I have to say that the Committee’s proceedings reminds me poignantly of the “ELEMELU” House Committee probe on power. Remember? That Committee blew so many tempests of “holiness” and “transparency”, only for its Chairman, the Chief probe officer himself, to end up in EFCC net! The rest is now history. But again, can anyone please tell me where exactly are we now with respect to the recent fuel subsidy probe “sunami” conducted by another Committee of the same House of Reps? I ask because all is silent now, it seems, like graveyard silence. Anyway, I hope Nigerians are watching the present Herman Hembe Committee very closely o!!!

  • http://YourWebsite... K Godwin

    I believe the committee is working outside its mandate. Issues that affect the investors are not being tackled,rather there is visible attempt to pull the DG down. If every establishment is probed the way it is being down including the house itself, no one will go scot free. I smell a rat, there are compromises somewhere. The committee should deal on issues of national interest,not witch-hunting and wasting tax payers money.

  • kunle

    I think there are some hidden secrets between the DG,SEC and the chairman House committee on capital market that has to be revealed.please,i’m watching with keen interest for the manifestation of those things

  • Joshua

    its serious fun. I have to say that I love Nigeria. On a serious note however, dis is a case of dogs trying to eat dogs…. And dogs dont eat dogs

  • http://YourWebsite... K Godwin

    Please, the speaker should suspend this so called public hearing and inaugurate a more transparent, more purposeful one. This, for me is a sham.

  • http://YourWebsite... Lanre

    Ms. Oteh, I am proud of your courage in standing up. The issues in the capital markets are multi-faceted.

  • http://YourWebsite... Ubabukoh

    What I have to say is: why didn’t she report to the relevant authorities as soon as the bribe was requested? Why did she have to wait until the hearing seemed to be going against her before complaining.
    I think she definitely has a case to answer, as to the mismanagement issue. The onus is on her to prove herself innocent.

  • Tunji Felix

    Who is deceiving Who? How much does it take to buy a permanent resident for these so called DGs.Shame of the Nation.

  • Mu’azu Babura

    Watched the drama half-way! However, from the look of thing, the Commission refused to grant the Committee’s demand, thus, the action. Any way let’s follow and see, hear and judge. I salute the courage of the DG which MAY chop her seat. She should endaevour to let them know that, he didn’t auction her house, farm, land home and abroad to secure the seat but her qualities and qualifications.

  • http://YourWebsite... public commentaor

    I think it is far too early to make concluding comments. Although the SEC DG seems to have been not administered internally in the best possible way, the house cannot prove to Nigerians that she has not discharged her duties effectively as a regulator. All allegations bothered on internal affairs and administration of the commission. Their is no question about removing her now. I believe She is learning her lessons!

  • lawal

    there is no genesis without revelation.God will deliever sdis country

  • ukpe

    Ms oteh is no doubt a very brilliant lady with intimidating credentials.Reason she was brought to salvage a bad situation. The cost on the nation of bringing her is equally intimidating. unfortunately, the result is neither here nor there. The investing public is yet to benefit from ms oteh’s credentials. Rather than collapse under the courtroom lawyer tactics of mr Hembe, I expect the lady to keep her cool and address the issues raised. She should say what value she has added to justify her employment. The iron lady should calmly answer to the allegations of abuse of office and criminal breach of trust. Merely raising a counter accusation does not help her case. It only shows she does not want to go down alone. The allegations against her are very annoying to some of us. If these are true, she should go negotiate with EFCC and go home.

  • http://YourWebsite... Orilogbon F.A

    Good or bad we have seen a confirmation that everything is wrong in SEC administartion,even the director for audit has no knowledge of audit or accounting and he is even if the house is bais i think we have seen a lot of problem fact that could definately lead to the crash of the market.i just hope this brings a positive change in the system.

  • http://YourWebsite... okey

    this lady is being maligned for selfish house looters purposes. sham hearing

  • O. Kingsley

    how can the DG prove her alligation on the committee? am sure she has no evidenc bt i agree with her that the committee must have ask of bribe. i pray, very soon nemesis will catch up with them.

  • Iheamama N

    I feel this whole thing looks like the storry of the kettle calling the pot black

  • http://YourWebsite... ifeanyi O.

    The Objective of the Public Hearing or “probe” is not yet clear to me watching.
    I observe that the Chairman of the Committee is acting”weird” and not
    given fair hearing in a public hearing.
    Has he already made up his mind and known all the answers before the
    public Hearing.
    On his credibility and the issue of N44mil, i think the EFCC should
    step in and conduct a thorough investigation.Because a simple look at the pattern of questioning creates a lot of doubt on a neutral viewer.
    God save us.

  • Dexta praddo

    Since EFCC couldnt prob the house of rep. SEC has come to do it with a stone faced approach, and i think they are faring very well. The chairman of the probe has shown gross incompetence, traces of juvenile deliquencies, sheer sense of irresponsibility and utter disregard for the constituency he represent and the nation at large. He just picked the wrong enemy and a fight he isn’t prepared. He has brought a colosal, iretrievable embarrasment to the national assembly and should be dropped at once and probbed!

  • oluwatobi

    Actually, the woman should have report her case to the relvant authorities before now. She would definately face the wrath of the law for her mismanagement

    • http://YourWebsite... AUSTIN INEGBNOSE

      she will not face any wrath of the law for her mismanagement because the money have be getting to the law people who suppose to punishment for her mismanagement of funds.

  • Kelly Busuyi

    This is very funny o. I wonder what type/kind of children these yeye leaders will/are producing. Did she spent the 8 months in Nicon alone or with a man/boy friend. I dont think she stayed in the Hotel alone for 8 months.

  • boston

    This is shameful and does not reflect our economic situation. Anytime I read Nigerian story,I do not only shed tears but mourn its gradual death in the hands of our bad leaders,who has no heart for ordinary people except their pockets.

  • http://YourWebsite... Olusoji

    The whole issue leaves a lot of question, but one thing is certain CORRUPTION is deep in Nigeria; even the “imported” technocrats. Our society need moral reformation and a complete digression from materiality. Let all these probes work and every culprit be brought to book. I dont canvass for jail term because virtually all public holder is guilty, let there be a restitution and forgiveness. Let 90% of their loot be recorvered and their rights to public offices be alientated for life.

  • http://YourWebsite... Charles

    Ms Arunma lay accussation against the chairman and members of the house of rep committee questioning her practises as chairperson of SEC and yet addresses the chairman as HONOURABLE, is this a joke or what or am I the only one listening to her. Nigerians should stop making a fool of themselve to the international community with all this public display of foolishness. She claims to have acquired all this degrees and global work experience but yet lack knowledge of common sense

  • Awawu Sanni

    Do people still realize that one day,judgement will come from one who is not a respecter of any man. For the sec boss who is accusing and also being accused you all share one day give account if not to man but to Almighty God

  • http://YourWebsite... CHICHI

    I think there’s something about the name HERMAN or HAMAN….. its seem this man have been digging a hole that he wants Ms Oteh to fall into but unfortunately is about to be the victim. Hahahahaha! Lets all watch the unfolding of this drama. Nollywood script experts pls be on alert.

  • http://YourWebsite... mayorala

    For the DG to be so bold in her accusation of is he Honorable or Dishonorable Hembe, she has a proof of something against him, besides his facial expressions upon when his accusations were laid bare shows his hands are not clean, never have I seen all through the hearings in the national house have we had something like this, I strongly believe this man has some skeleton in wardrobe, As for the DG she should not sound as if she is a saint, they’ve all being involved in plundering of investors funds, she should bring her proof to the fore, how can a man collect money for a purpose and didn’t carry out the objective for which the money is meant and didn’t return it, and such a person is calling himself HONORABLE, honorable of where and what, as far as am concerned his name is DISHONORABLE Herman Hembe of demanding bribe federal constituency, guilty until proved innocent period

  • http://YourWebsite... Yinka

    This issues of personality clashes has overshadowed the whole essence of what the committee stands to achieve. While management activities can be looked into in the conduct of the sitting, it should not be allowed to override greater interest bordering on technicalities and necessary interventions required to rebound the market. The Committee chairman should exercise more maturity and discretion in ensuring that the aim of the committee is not derailed.

    • mike

      you sound great

  • victoria

    if this is guilty of all these allegations levelled against her, let her answer, if Herrman is guilty of asking for bribe, that is also wrong, let both of them answer.

  • http://YourWebsite... AUSTIN INEGBNOSE

    This is unbelievable. what is actually the future of this country Nigeria and the way forward for Nigeria? since our so called Leaders are frustrating and killing the economy of our nation. All they think is to get the power so that they can get the money. Now they opening or exposing themselves for the money they has taking from Nigeria pocket, and nothing the Nigeria government will do to them for this embezzlement. That is the problem will have in this country, anybody in power can just do anything and go free without punishment because the law has be corrupted and misuse by our government. The problem this country is having all the time is good leadership. Nigeria don’t good leadership, what we have in this country are thief’s leadership. Now they has started talking again, and Nigerian know the end of this speech. Nothing will be done.

  • oshodi agege

    Nigeria remains the most backward nation on this planet and yet its still growing at the rate of 6.78%. However, make no mistake, when you dont have a leader or perhaps a slow one as well as animals ruling the most expensive houses in the world and yet doesnt add any value to the lives of the Nigerians that indeed they should look after, then events such as this one will continue. Mr Hembe is an inept person and not fit enough to question Ms Oteh. When you put your sound brains to stupid and nonsensical trauma such as that Ms Oteh has been through, then why would they want to come home to help. I guess the lower animals would rather not have sensible people come home so they can continue to make the nation the most backward when indeed, it can be one of the top economies in the world if not the best. It sickens me when I hear stupide people like Mr Hembe talking so loosely and rudley to a scholar who has a lot of responsibility and delivers. Why should this continue to happen. And to all that have disrespected Ms Oteh in the comments below, you can all go and hug transformers (please do so when there is electricity). Bunch of low life scums and you irritate me. Oteh wont resign because she has a job to do and she will do it. No one can derail her as she’s too tough for you guys.

  • http://YourWebsite... Kolade S

    The on- going tussle is very clear and it will be helpful if the actors/actresses will address real issues and stop using rhetorics to bring about unneccessary distraction.At the onset, the Hon. chairman made his mission and that of the House Committee very clear.The main assignment is to sanitise and revamp the Capital market.In order to achieve this,they need to look at the regulators and then the players after which they will submit their findings. We therefore beg the SEC, CBN and others to cooperate so that these issues can be solved once and for all.

  • Nigeria

    If only FELA is alive, how can a thief be bold enouh to call another person a thief, anyway this our rulers are calliog us Nigerian fool becouse they knew we can only shout & nothing will happen (they will still go home & enjoy the money they steal from us) there children will go to the best school while the poor will die in there poverty. WELL…….

  • http://YourWebsite... kenny

    The drama and the shows of shame will continue until God judgement, which nobody can stop or buy, falls on all the agents of satan that call themselves LEADERS. This is just the genesis of all revelations, it is not ordinary God has hand in it. God hears the cry of His children, the innocent Nigerians. He sees the affliction of His people, He has decided to reveal all the bad eggs in the country that pretend as saint, then judgement follows. Has anybody imagined that Ibori would be caught just like that in another land, not to talk of accepting guilts of all the offences charge against him which Nigerian Courts discharged and acquited him of? This is God’s doing and nobody can stop Him from sactioning them (all the corrupt rulers). They shall face the wrath of God. Let the film show continue, we are watching with keen interest.

  • http://YourWebsite... Usaveone

    Somehow some Naira really exchanged hands.
    …I don’t know but ask me on whose report i believe, i will humbly tell you that i believe the DG 100%.


  • Dexta


  • Dexta

    So it’s even the probed that foots the billss in the first place? No wonder all the law makers are lobbying to either chair a probe panel or be a member of any available panel! These lawmakers now prefers oversite (probe)functions (hottest cake) to their primary duties of lawmaking, bcos it pays more to probe than house sitting..

  • http://YourWebsite... Lexy

    Hembe is a fool. The internal governance of SEC is not the main issue but how the capital market is operated . What him and his committee members are doing is to inflict collateral damage on the capital market. Oteh is the DG and not the commissioner finance and administration who happens to be a political appointee. It was based on the advise of the technocrats that she requested for an official accommodation. The DG comes to work everyday from Hilton , interacts with staff and some people especially the commissioner legal is claiming that he is not aware that she was staying in an hotel for about 8 months. Okonjo Iweala is doing her 2nd term based on special negotiation with the presidency. The truth is that we may have to give the special breed among us something extra than the idiots who contribute nothing to the nation call Nigeria other than to waste and steal our money thru compromised probe thatis better featured on African Magic station

  • http://YourWebsite... Tim

    hahahahaha…. let the show continue. i want to watch part 2 of this home video next week. lets see enough of their diry linen being washed in public and thereafter a proper public hearing fixed for another date.
    Its so easy to catch a thief. Mr Hembe couldnt even defend himself. his credibility and reputation was openly bastardized and all he could do was note it. he didnt even deny it, of course he couldnt cause his corrupt mind didnt envisage such onslaught; the DG cannot therefore be said to have lied and i believe her.
    and for the DG, if these allegations are true then its a big shame. but i still commend her courage.

    • http://YourWebsite... Kandace

      Hey Fraud Committee.. Where were you travelling to? That’s why we’ve got BLOOMBERG!!!

  • wen Criminal Probe Criminal that’s what u get,I weep for our dear Nigeria as corruption continues to sink her leaving d poor masses with more hardship..GOD help us.

    Thiefs probing thiefs.

  • Dexta

    It doesnt really matter whether the DG of SEC stayed in hilton for over a year or stays in a rented apartment worth the speculated amount, going by her background it’s not out of place. What i think should be of utmost importance, should be how she had fared since she became the SEC boss and the present state of the CAPITAL MARKET in the face of global economic challenges? Direct relevant questions should be thrown to her and she should in turn be allowed to provide relevant answers with documented evidence to these questions. My concern is, which i think is a general opinion is that the majority of nigerians have little or no knowledge of the kapital market, let alone how it affects them. My candid view is that the capital market is almost strange to the generality of nigerians. Even the committee doesn’t even know about the capital capital market.

  • chidozie okigbo

    The issue is simple. Did ms oteh spend such amount at hilton? Did she recruit bankers without due process?even professor can embezzle fund. let her answer the committee’s questions

  • http://YourWebsite... Kandace

    Those old men on the committee are a bunch of thieves – Illiterate thieves at that! Even the body language said a whole lot (the truth i would say) than all the rubbish they were saying.

  • com.bayo

    It is total show of shame,ole are probing barawo

  • RondoJ

    Am very sure she would have tendered the bid if she had d option to do so because she could sense she had fun finishing the capital market cake. Or otherwise, maybe she wan price am b4 dem change am 4 am…lol

  • Odaudu moses Abrahams

    What a shame from both sides. 1st and foremost it was the refusal of DG sec to compromise that precipitated the kangaroo probe by that corrutp looking comittee chairman.
    The DG also failed in her duty to expose corruption. She also was not prudent

  • Odaudu Moses Abrahams

    This chairman is an ardent shameless criminal for what reason would you demand money from an agency you are probing if the intentions were right. It shows all over him that he is out 4a yoman’s job.we saw how Faruk handled the subsidy probe with integrity

  • Walker Beerbohm

    I think you’ve got a lot of readers that are more than thankful to you and really pleased with the content on your blog, making me fantastically interested in what post will be next and about.

  • Oyebo s.a

    I want the house to suspend the committee,probe hembe and make the sec issue and indoor enquiry to put a stop to the shame nigerians are seeing.kudos to lawan faruq!

  • ore oluwa

    Hmmm, we will continue to pray for Nigeria or what can I say about this show of shame and disgrace between these leaders who are suppose to hold high the integrity of this great nation? May the lord not just continue to expose you people but inflict appropriate punishment on you. Having said that I will like to point out to you madam DG that your credentials and experience simply tell us and the senate that you are qualified to hold that office not that you don’t have the tendency to steal if u have the opportunity

  • http://YourWebsite... alloly

    The SEC woman has not been doing any work anyway. she should please go. all she has been doing is on the pages of news paper.all for foreign degree.

  • vindication

    @SECNigeria: PRESS RELEASE: Response to House Probe allegations

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  • http://YourWebsite... Okoro Livimus

    Let a probe into the matter continued for Nigerians to know the truth. But HERMAN HEMBE should not be a member of such PROBE PANEL because from all indications he is likely to be biased towards OTEH ARUNMA. I have this opinion after watching CHANNELS TV on the issue this morning

  • emmanuel onun

    NONCENSE! What do you expect from a taut. That chairman don’t know his job. He cannot even speak english correctly from the day one of the probe he was just messing up.his is a disgrace to the house of REPS.

  • dotun adegbulugbe

    I think we are getting somewhere in this country now. Being the chairman of the probe committee did not give him the right to insult the woman and seriously if this woman is fund guilty of mismanagement punish her as for the hon member he should not continue the probe and he must face the law as well

  • victor okpara

    This situation i̶̲̥̅̊s̶̲̥̅̊’s A̶̲̥̅ show of shame τ̲̅ȍ nigerians.where they fail τ̲̅ȍ D̶̲̥̅̊Ơ̴̴̴̴̴̴͡ the right thing, instead want τ̲̅ȍ be bribed.from this write up, ithink the SECchairman, has some cobwebs in her closet and she i̶̲̥̅̊s̶̲̥̅̊ being blackmailed for it. Idon’t Ơ̴̴̴̴̴̴͡.̮Ơ̴̴͡ any way forward in this probe, beause both parties are corrupt.

  • Oklahoma OKDHS

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  • Cory Urteaga

    There are some fascinating cut-off dates on this article however I don’t know if I see all of them heart to heart. There’s some validity but I will take maintain opinion till I look into it further. Good article , thanks and we would like more! Added to FeedBurner as effectively

  • Miracle vincent

    The committee chairman should stop singing d song of shame, he was visibly disorganized, and d guilt written all over him dat very day

  • Edgar Tappe

    Nice read, I just passed this onto a friend who was doing some research on that. And he just bought me lunch as I found it for him smile Thus let me rephrase that: Thank you for lunch!

  • http://YourWebsite... SUNNY KALU

    From that show of shame ,it is now very clear to all and sundry that Nigerian Leaders at all levels will be held responsible should Nigeria become a failed state in 2015 as predicted by America.CORRUPTION EXPRESS !!!

  • http://YourWebsite... Yisau Lukman

    Unfolded drama

  • Narty Westbrooke

    Wow, thank you for such a great post!

  • great information

    I comment whenever I like a article on a website or I have something to add to the conversation. It is triggered by the sincerness communicated in the post I browsed. And after this post Channels Television – Nigeria’s Award Winning Television Station. I was moved enough to drop a comment :-) I do have some questions for you if you tend not to mind. Could it be simply me or do a few of the remarks come across like they are written by brain dead visitors? :-P And, if you are writing on additional places, I would like to follow you. Would you make a list all of your social pages like your twitter feed, Facebook page or linkedin profile?

  • Meejiks

    Shameless leaders

  • masha

    u probing urselves.dats gud bt nt enough…u guy share d money bt if 1 person collect d money frm bk door he or she would be expose dats how its been run…

  • mike

    The tongue is a powerful but must-briddle-able tool, what a cost of making an allegation without a proof…………………….So, why is this woman twisting her earlier tone of indictment about the honorable chairman…………..The honorable may be corrupt as usual but this woman should have first created a “caught on the tape scenario” before this lousy indictment. . PLS WATCH THE EARLIER VIDEO (a day before this) BEFORE YOU REACT TO MY COMMENT

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