Nigeria: FG Appoints Bolaji Bello Acting DG of SEC


The federal government has announced the appointment of a new acting director-general of the Securities and Exchange Commission (SEC). He is Mr Bolaji Ibrahim Bello.

Coordinating minister for the economy and minister of Finance, Dr Ngozi Okonjo-Iweala, who announced the appointment in Abuja, yesterday, said Bello would resume office on Monday.

The minister also announced the dissolution of the current board of the SEC following the expiration of their tenure today, thus putting to rest speculation of tenure elongation by the affected commissioners and chairman of the board.

"From Monday, with the permission of Mr President, one of the senior directors, by name Bolaji Ibrahim Bello, has been appointed as acting director-general. He is presently the director in charge of Finance and Administration," she said, adding: "In the meantime, the DG is on leave, though the exact duration is not expected to last very long. A timeline of three weeks has been given to the committee to complete its audit."


LEADERSHIP checks reveal that the board has appointed Price Water Coupers, one of the leading audit firms in the country to conduct an independent investigation into the sources and utilisation of funds for the "Project 50" programme carried out by the commission. The auditors have four weeks to complete their work and submit their report.

"There would be absolutely no tenure elongation. The three Commissioners and the Chairman who are billed to leave tomorrow (today) are leaving on schedule.

"I want to use this opportunity to thank the board, the chairman, Senator Udo Udoma, for the service they have rendered. We look forward to constituting a new board and we also look forward to the report of the audit that the board has ordered," she said.

Speaking to LEADERSHIP yesterday, a close source in the commission who did not want his name mentioned said the board members, who sat on Monday where the decision to ask Oteh to proceed on compulsory leave, would exit the board by today.

The SEC source said that out of the three most senior commissioners which include commissioner of operations, Ms. Daisy Ekineh commissioner, Legal and enforcement, C.A Udora; and commissioner of finance and admin, L. S. Stores, two of them have spent about 20 years within the system, just as they assumed office in June 2008 for a four-year tenure that expires today.

The board of SEC, at its 66th meeting held on June 11, 2012, had directed Oteh to proceed on compulsory leave to enable an independent investigation to be undertaken in respect of the "Project 50" programme which was carried out by the commission in 2011. The executive commissioner (Operations), Ms. Daisy Ekineh, was asked to act in her absence.

The decision of the board was arrived at after consideration of the report of its audit and finance committee which had been directed to investigate the sources and uses of funds for the "Project 50" event.


http://allafrica.com/stories/201206150335.html

^Tribalistic goon! When will you people realize that your government is that of thieves? Well, wait and see when this new guy kicks of even bigger acts of corruption that will make his predecessor look like a saint!

Hmm, the start of another ethnic bashing thread...

Is it this same National Assembly that is discredited by all, including Otedollar, that is the basis for calling the SEC lady all those disgusting names.

Sometimes people in Nairaland post comments like as if they want a "Rwanda" to happen in Nigeria.

For all you know Mr Bolaji Ibrahim Bello may not even be Yoruba but just someone with a Yoruba first name, which is becoming more common in Nigeria (e.g. Segun Aganga and Rotimi Amaechi). Even if he is Yoruba, being Yoruba does not automatically mean that he would not make a shameful exit in the manner of his predecessor.

Welcome development by the minister. Its proactive

...

@Moderators - why did you delete my post.

PStylish: ^^^
If Segun Aganga is not Yoruba, then what is he?
There are native Yorubas in 11 Nigerian states - 6 SW states,Kwara,Kogi,Delta,Edo and Niger (Jebba is a Yoruba settlement with an Oba).

Where is yoruba in Delta state?
u guys just enjoy posting rubbish on NL

nku5: @Moderators - why did you delete my post.

[size=13pt]it was hidden
you're actually just behaving
like the lunatic you really are!
Support your local Search & Rescue Unit - get lost!
[/size]

PStylish: ^^^
If Segun Aganga is not Yoruba, then what is he?
There are native Yorubas in 11 Nigerian states - 6 SW states,Kwara,Kogi,Delta,Edo and Niger (Jebba is a Yoruba settlement with an Oba).

Where did you get this from? ?? This is not correct and you know it!!

God has answered somebody`s prayers.

who cares,abi na him go come reduce price for fuel?

Eyaaa. She refused to give bribe and now she has no followers, and consequently she is kicked out of the looting leadership regime. Naija, na wa o!

PStylish: ^^^
If Segun Aganga is not Yoruba, then what is he?
There are native Yorubas in 11 Nigerian states - 6 SW states,Kwara,Kogi,Delta,Edo and Niger (Jebba is a Yoruba settlement with an Oba).

Tell them o !!!

FSU: This is like replacing a small black kettle with a big black pot. When Igbo steal, they remain some. Yoruba simply steal the box containing the money. Let's watch. Remember Akingbola, Obasanjo, Bode George, Grange, Bankole and the rest of the oduduwa thieving clan?

haba.as mu ch as i have no problems with the names you listed. What the heck is with d last part.thats so inciting.abi so fe da gobe sile.oni duru. "....the rest of oduduwa thieving clan.

...

Now who the fvck are u supposed to be? Is it by force to be noticed

dani1luv:
[size=13pt]it was hidden
you're actually just behaving
like the lunatic you really are!
Support your local Search & Rescue Unit - get lost!
[/size]

Hope Oteh resumes work as promised, she's a nice woman.

J12: Hope Oteh resumes work as promised, she's a nice woman.

You like her pompous BIG ARSE.

J12: Hope Oteh resumes work as promised, she's a nice woman.

She is not a nice woman. Eating 25,000 prawns.

HIGHLY INDIFFERENT!!!!!!!!!!!

PStylish: ^^^
If Segun Aganga is not Yoruba, then what is he?
There are native Yorubas in 11 Nigerian states - 6 SW states,Kwara,Kogi,Delta,Edo and Niger (Jebba is a Yoruba settlement with an Oba).

You are out of your mind. Am from Delta Igbo, why are you spreading falsehood here on NL. Remove Edo and Delta from your gibberish. You can claim all those junk northern almajiri boko haram state to yourself because there is no difference between you guys. You guys have same dirty charcol skin, face marks, road begging, poverty and religious extremism.

Mm

NA YORUBA NO BI YORUBA, YOU GUYS GAIN NOTHING BESIDES SLOW DEATH FROM ANY OF THEM.

I always want to vomit when I see that Nigerians hasn't outgrown tribalism hmm......its so ugly!

jbaur24:



You are out of your mind. Am from Delta Igbo, why are you spreading falsehood here on NL. Remove Edo and Delta from your gibberish. You can claim all those junk northern almajiri boko haram state to yourself because there is no difference between you guys. You guys have same dirty charcol skin, face marks, road begging, poverty and religious extremism.

Bros,you dont have to get that low with them; We all know there is no Yoruba groups in Edo and Delta state.....I dont know why some ppl like deceiving others.....It can be very annoying.

PStylish: @la capri
Your reply shows you do not know much about the ethnic composition of your state.
If you donot see the Itsekiris as Yorubas,no problem. But I tell you, there are Ilajes from Delta state.They are too small to be recognized and are usually seen as Itsekiris.


@Odenigbo Aroli
You are not a Yoruba person and I suppose you donot come from any of the aforementioned states. Hence, I am in a far better position to talk about these things than you are. You are a novice here.

Yes,I am not from neither Delta nor Edo but I have lived in Edo state and I am familiar with the ethnic composition of Delta state...Please,stop spreading falsehood!!