The Securities and Exchange Commission (SEC) on Tuesday denied allegations that it offered bribe to the Chairman of the House of Representative Committee on Capital Market and other financial institution, Herman Hembe and the committee that was conducting an investigative public hearing on the capital market.

Mr Hembe while resigning as the Chairman of the House committee conducting an investigative public hearing on the capital market told his colleagues that it was SEC that tried to bribe him and members of his committee.

“I made no attempt to collect any bribe, rather I worked hard to avoid the offer of such by the SEC DG,” he said.

The Lawmaker was forced to resign after the Director General of SEC, Arunma Oteh publicly accused him of demanding N39 million bribe from the commission among other financial abuse of his office.

“I made no attempt to collect any bribe, rather I worked hard to avoid the offer of such by the SEC DG,” he said.

kael: i dont belive these reps for one minute. it is beyond my imagination that a thief such as hembe would reject a bribe, quite impossible to fathom, they are just trying to bring this woman down.all I can say is if we let this woman fall then no just person will try to stand up to their tyranny.

rareman: am still asking what is the essence of all these dramatic probes with nothing to show for it. Subsidy probe, power probe, pensions probe, capita market probe, are these the new version of reality tv show. I think theirs is boring

roy4real:
@kael, why do u label Hon. Hembe a thief B/4 he is proven guilty? I don't want to judge for now, but its clear that the SEC DG had intents to and/or offered the committee an inducement package as evidenced in the 2 memos, which ammounts to crime. It is possible that she want to play smart by going public to discredit the committee when she discovered they were not interested in her offer.
Secondly, considering the magnitude of the allegations against the DG and the way the committee members were hard on the DG it is difficult 2 say that they were the ones who descended that low to make such cheap demands. It is not good to be tribalistic or sentimental about sensitive issues that would determine the future of this nation like this. EFCC you have a job here. Almighty God save this nation.

kael: i'm not calling him a their because of current events i'm talking about his antecedence, lets not act as if we don't know how these reps got there and their purpose. giving the DG's pedigree and credential ( Magnum cum lauda (first class), hazard business, ADB...) we can't act as if these her achievements don't matter) her words have more weight than hembes

kael:
*thief* *Magnum cum lauda* (corrections)

6. Reference(m):
We heard Gbenga Aruleba read out the internal memo between her and one of her principals on AIT yesterday morning soliciting the payment for certain items of expenditure involving the probe. What he (Gbenga) failed to reveal was mentioned later by one of his invitees was the minutes by madam in response clearly stating as well that the proposal (to pay for two items of expenditure) was an 'excellent idea'. In saner societies an offer of inducement amounts to criminality and not just the taking or the demand. Even the intent to bribe, the contemplation, the discussion says a lot. Like one of the panelist said. If the commission was clean as a sheet the matter of bribe demand will have been reported the moment it happened and not forced from her lips under hostile pressure.

mbulela: This theatre of the absurd of ours called Nigeria is too funny to be true.
SEC proposes to spend 30 million to foot the bill of a probe panel set up to probe SEC. is this a joke or a joke?
What exactly is the bill needed for the probe panel?
pen,writing materials,flip chart,projectors, table water??

DRANOEL: did i hear hembe say he worked hard not to receive bribe?
the same hembe who never wrote a test talkless an exam on his own during he's stay at BSU?
the same hembe who institutionalised ballot snatching for his brother during the student union days? the same hembe who along with his brother solicited for bribes from state govts during the brother's era as nans president?
hembe is one of the most irresponsible,non chalant and corrupt individuals i have ever come across!
back in secondary school

X-factoria:


Mbulela:

It wasn't supposed to be a probe of SEC per se but that of the Capital Market activities so its not out of place for SEC to provide support to the House to carry out an activity that could also benefit SEC since the House Committee findings could serve as learning point.

Unarguably, there had been personality clash between Hembe and Oteh. I learnt Oteh is still single and you cannot rule out the possibility of Hembe having thrown passes at that pretty woman at some point in the past.

X-factoria:


Mbulela:

It wasn't supposed to be a probe of SEC per se but that of the Capital Market activities so its not out of place for SEC to provide support to the House to carry out an activity that could also benefit SEC since the House Committee findings could serve as learning point.

Unarguably, there had been personality clash between Hembe and Oteh. I learnt Oteh is still single and you cannot rule out the possibility of Hembe having thrown passes at that pretty woman at some point in the past.