
“We have also found out that you have been spending the money of SEC unjustly. You have stayed in Hilton for eight months. On a particular day, you ate N850,000 worth of food and spent over N30 million within the period. We have proof of all these,” said Hon. Herman Hembe.
These were part of the startling revelations made by the Committee investigating the "illegal" activities going on with Nigerians hard-earned money in the Stock Market which is supposed to be regulated by the Securities and Exchange Commission, SEC, headed by Ms Arunmah Oteh.
From all indications, Ms Oteh was busy enjoying herself with Nigeria's resources in Transcorp Hilton Hotel while crooks were busy manipulating the market to their advantage. Funny enough, this woman doesn't see anything wrong in her actions, including the N850,000 food in one day.
More revelations coming.
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