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Minister of State for Finance, Ngama, Berates Oteh

By on May 16, 2012

In his testimony (before the House Committee on Near Collapse of the Capital Markets yesterday), the Minister of State for Finance, Dr. Ngama, when asked whether the competence of the Director General of the Securities and Exchange Commission played any role in the state of the capital market, said the lack of good working relationship between the Director General of the Commission and other Commissioners contributed to the comatose state of the capital market.

He said: “You can have all the certificates, you can go to school but you can decide to be incompetent. The performance (of the Director General of the Securities and Exchange Commission) should be better, far, far better than it is. It is not a mistake that the SEC Act says there should be a director general and three commissioners.

“From what I have watched, the body (SEC) is not one. The leg is apart from the hand. Since you (committee) have observed what is happening there, whatever your report says, as an employer, whatever you recommend, we will implement.”

2 Comments

  1. michael akinade

    May 16, 2012 at 2:54 pm

    You can not sell your papers writting this type of nonsense, full of lies and errors. Are you envious of those who attended prestigious University, have you been paid to destroy Oteh?  Better close shop if you do not have better things to write.

  2. michael akinade

    May 16, 2012 at 2:54 pm

    You can not sell your papers writting this type of nonsense, full of lies and errors. Are you envious of those who attended prestigious University, have you been paid to destroy Oteh?  Better close shop if you do not have better things to write.