Oteh Resumes, Holds Strategic Meeting With Mgt

The Director-General of the Securities and
Exchange Commission, (SEC), Ms. Arunma
Oteh, resumed at her office yesterday
following a recall by the Federal Government
last week.
LEADERSHIP investigations revealed that
though the embattled DG went briefly to the
office last Friday, she resumed fully
yesterday morning and held meetings with
senior staff of the Commission.
Though the issues discussed at the meeting
were not made public, LEADERSHIP gathered that the highpoint was on strategies about how
they could work as a team for the benefit of the capital market and the economy as a whole.
The staff of SEC, who last week protested her recall, said they were tired of the ‘one-man’
show which was characteristic of Oteh’s administration. They also accused her of high-
Both SEC’s Head of Corporate Affairs, Mr Yakubu Olaleye, and Oteh’s Communication
Adviser, Mr. Obi Adindu, confirmed to LEADERSHIP that she resumed work yesterday.
Oteh was, last week, recalled from an indefinite suspension slammed on her following
allegations of financial recklessness. A firm of external auditors – PricewaterhouseCoopers
(PwC) was subsequently engaged to examine the commission’s books.
Though the report submitted by the external auditors neither indicted her for fraud nor
criminal breach in any form it however some administrative lapses particularly, in cases
where administrative procedures were not thoroughly observed.

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