The House of Representatives on Wednesday warned the Securities and Exchange Commission on the consequences of flouting the 2013 Appropriation Act which bars the agency from spending any fund this year. The National Assembly gave zero allocation to SEC in the N4.9tr 2013 budget it was passed on December 20, […]
Tag: Oteh
Nationalisation of PHB, Spring, Afribank fraudulent – Reps panel
The House of Representatives Ad-Hoc Committee on the Near-Collapse of the Capital Market, has said that the nationalisation of Afribank Plc, Bank PHB and Spring Bank by the regulatory authorities was fraudulent. The committee listed Sanusi and Oteh among other officials to be investigated by the Economic and Financial Crimes […]
Hembe, Azubogu lose bid to stop trial on N44m bribery scandal
An Abuja High Court, Wednesday, held that the erstwhile Chairman of the House of Representatives Committee on Capital Market and Other Institutions, Herman Hembe and his deputy, Chris Ifeanyi Azubogu, has a case to answer regarding their alleged complicity in a N44million bribery scandal. Trial Justice Abubakar Sadiq Umar okayed […]
