Saturday, July 21, 2012

Okonjo-iweala meets with SEC staff over Oteh’s resumption

The Minister of Finance, Dr. Ngozi Okonjo-Iweala on Friday, held a conciliatory meeting with staff of the Securities and Exchange Commission (SEC).
Dr Okonjo –Iweala who was received by the Acting D.G. on arrival was at the commission to appeal to the staff to accept the decision of the Federal Government to recall the SEC D.G., Ms. Arunma Oteh, back from her leave.
The workers, through their union, the Amalgamated Union of Corporate Organizations, on Wednesday demonstrated for over an hour outside the SEC premises in Abuja, against the reinstatement of Ms. Oteh.
According to them, they are not against the government’s decision to reinstate the D.G., but insisted that they would welcome Ms. Oteh back only after the House Committee clears her of the allegations against her.
The House of Representatives had on Thursday called for the immediate sack of the Ms. Oteh, insisting that her appointment was illegal.
However, the Finance Minister stressed that the Federal Government will not go back on its decision over the matter and pleaded with the staff to let peace reign.
The Board of the SEC had in June directed Ms. Oteh to proceed on compulsory leave, to enable the board probe allegations of financial misappropriation and disharmony in the apex capital market regulator.

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