suspended Director General of the
Securities and Exchange Commission (SEC),
Ms. Arunma Oteh.
However the Staff of the Securities and
Exchange Commission, SEC, Wednesday
protested the reinstatement of the Director-
General, Ms Arunma Oteh, even as heavily
armed security agents were deployed to
forestall breakdown of law and order,
ahead of her resumption.
Her recall was
communicated
to her through
a circular,
SGF.2/S.9/
C.13/454 dated
17/ July, 2012,
signed by the
Secretary to the
Government of
the Federation,
Sen. Anyim
Pius Anyim.
According to him, Oteh's recall followed the
outcome of the findings of the external
auditors, the Price Water Coopers Limited,
which exonerated her from all accusation of
fraud and criminal breaches.
She was however indicted for some
administrative lapses.
The circular reads: "Please refer to the
decision of the Board of Securities and
Exchange Commission (SEC) to send you
on compulsory leave in order to enable
SEC's external auditors-the Price Water
Coopers Limited (PWC), to examine the
records of the Commission's transactions
covering SEC project 50 which you
supervised.
"I am to note that government has studied
the report submitted by the external
auditors and you are neither indicted for
fraud nor criminal breach in any form.
However, some administrative lapses were
reported, particularly, in cases where
administrative procedures were not
thoroughly observed.
"The purpose of this letter is to recall you
from your leave and to caution that you
must henceforth endeavour to diligently
observe all extant rules and administrative
procedures in the conduct of all official
transactions."
No comments
Post a Comment