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-

handedness.

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.