Capital Market Probe: House of Reps. were on a mission for vengeance – Analyst

Channels Television  
Updated July 23, 2012

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 chairman of the panel, now the issue is that can the probe panel chairman who took over from Hembe deliver?

A lawyer and Capital Market analyst; Zik Obi on the Capital Market said the report released by the probe panel on Capital Market was greeted with mixed reactions, in that some people were disappointed while some were not but in his own view, the House of Representatives did not do a good job as it was as if they were on vengeance mission, that is to deal with the SEC D.G., Arunma Oteh.


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