The House of Representatives has explained that the removal of Mr. Farouk Lawan as the chairman of the House committee on education was not to confirm his alleged involvement in a bribery scam but to allow the committee operate optimally while the case is being handled in the court. Briefing correspondents, spokesman of the House, Mr. Zakari Mohammed, however, raised concerns that out of the two parties all ...

The House of Representatives has insisted that President Goodluck Jonathan should implement the resolution of the House by removing the Director General of the Securities and Exchange Commission (SEC), Arunma Oteh. Coming under matters of urgent importance, the House adopted the resolution after considering a motion moved by  Garba Datti on the blatant disregard of resolutions by the House of Representative ...

An opposition federal lawmaker, Kabiru Gaya has threatened that the Senate would override President Goodluck Jonathan if he failed to sign the 2013 budget. Briefing journalists in Abuja, Mr. Gaya said the Senate would this week take a final decision on its next action as regards the budget. President Jonathan is said to be reluctant about assenting to the budget which was forwarded to him on January 14 foll ...

Workers at the Security and Exchange Commission (SEC) on Tuesday protested the issuance of query to its leaders for “gross insubordination, disrespect for constituted authority” by the director general of the Commission, Arunma Oteh. The staff of the commission staged the protest within the premises of the SEC building chanting “Oteh must go!!!” with some of their placards reading “no to sole administrator- ...

The Inspector General of Police, Mohammed Abubakar, on Wednesday vowed to rid the Nigerian capital market of fraudsters saying the options open to fraudulent market operators is to either stop criminal activities or face the full wrath of the law. Mr Abubakar, who gave this warning in Abuja at the formal inauguration of police seconded to the Securities and Exchange Commission (SEC), explained that the poli ...

Sunrise Daily crew had in the house yesterday a Lawyer and Capital Market analyst who gave his own opinion on the report of the capital market probe which was headed and completed not by the former head of the probe in the person of Honourable Herman Hembe who was alleged to have had financial issues with the D.G. SEC Arunmah Oteh who was also on the hot seat for questioning in the public hearing. Joining t ...

Looking back at the Capital Market Probe that was held some time ago in the Federal Capital Territory, Abuja to deal with issues surrounding the near collapse of the NSE/SEC.It was full of drama and one which took the center stage was the allegation levelled against the former Chairman of the probe panel, Herman Hembe by the D.G. SEC, Arunma Oteh which led to the removal and prosecution of the former chairm ...

Despite the controversies surrounding her re-call, the Director-General of the Securities and Exchange Commission (SEC), Arunma Oteh has resumed SEC today. Ms Oteh's resumption was confirmed to Channels Television on the telephone by the commission's Public Relations Officer. The embattled SEC DG was, last week,  recalled from a compulsory leave slammed on her following allegations of financial recklessness ...

The House of Representatives on Thursday called for the immediate sack of the Director General of Security and Exchange Commission (SEC), Arunma Oteh, insisting that her appointment was illegal. Considering the report of its ad-hoc committee on the probe of the near collapse of the capital market, the lawmakers unanimously approved the recommendation that the Ms Oteh be sacked for incompetence and inadequat ...

The Federal government recalled former Director General of the Securities and Exchange Commission (SEC), Arunma Oteh following the compulsory leave she was sent on by the board of the commission, a presidential spokesman said on Wednesday. The SEC Board sent Ms Oteh on compulsory leave in order to enable external auditors examine the records of the commission’s transactions covering project 50 which she sup ...