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 ...

An Abuja High Court has dismissed the application filed by the former chairman of the House of Representatives Committee on Capital Market, Herman Hembe seeking to quash the corruption charges filed against him by the Economic and Financial Crimes Commission (EFCC). Ruling on the application filed by the embattled lawmaker, Justice Abubakar Umar dismissed the suit on the ground that a prima facie case has b ...

Bayo Rotimi a market analyst commented on the probe when asked what went wrong with the running of the capital market  leading to the capital market probe said the former CBN Governor Soludo was right with his analysis of the capital market that the capital market will crash again because markets all over the world experience such too. He said markets crash not because of institutional deficiencies but due ...

The Security and Exchange Commission (SEC) on Tuesday denied allegations made by former Director-General of the Nigerian Stock Exchange, Ndi Okereke-Onyiuke while making her presentation before the House of Representatives Committee probing the near collapse of the capital market. In a statement released by SEC, the commission claimed that Mrs Okereke-Onyiuke’s allegations “were false and deserve quick refu ...

On the Capital Market probe presently going on,Femi Ademola;Head of research at BGL group discussed several issues raised at the probe with our Business Morning presenter Esther ugbodaga via live phone-in. ...

The investigation by the House of Representatives into the near collapse of the Capital market has been postponed. The chairman of the ad-hoc committee, Ibrahim el-Sudi, said the latest adjournment is to enable the hearing to be transmitted live on television. Most of the regulators and supervising agencies, who were present, such as the Securities and Exchange Commission and the Ministry of Finance, agreed ...

House of Representatives’ member and former chairman of the House Committee on the Capital Market, Herman Hembe, reportedly appeared before the Economics and Financial Crimes Commission on Friday to face questioning over allegations that he had requested N44 million in bribe from the Securities and Exchange Commission (SEC) ahead of a probe investigating the commission’s role in the Capital Market crash. Ho ...

The Securities and Exchange Commission (SEC) on Tuesday denied allegations that it offered bribe to the Chairman of the House of Representative Committee on Capital Market and other financial institution, Herman Hembe and the committee that was conducting an investigative public hearing on the capital market. Mr Hembe while resigning as the Chairman of the House committee conducting an investigative public ...

Head of the Securities and Exchange Commission in Nigeria, Ms. Arunma Oteh has denied, among other things, spending N850,000 on meals or purchasing cars worth N42 million. In a bid to salvage its bruised reputation of the SEC, the Commission released a press statement on Monday in which it denied several allegations of unlawful practices leveled against it by the House of Representative Committee on the Cap ...