What started as a simple altercation turned into a really sticky situation…This is a just a line from Rihanna’s “Man Down” song but how true it resonates with the SEC and House of Assembly face-off.
I have been following this shameful and heart breaking episode for some days and it doesn’t get any better.
Unfortunately, the Nigerian public office holders do not take insult lying down; Ms. Oruma swore to make them pay for humiliating her on a worldwide life broadcast. The next meeting she made allegations against Herman Hembe when she claimed he demanded a bribe of 44 million naira to avoid facing the panel.
Ms. Oteh has presented some documents that tie in her claims about this ongoing “public practices” as they are now referred. It is now common ‘public practice” to steal and defraud the economy that you are called to serve
I won’t bore you any more with the background details and just get on to my points:
- · Is the HOUSE the only paying for this misconduct and misappropriate of use of power and corruption?
- · Did Ms. Oteh need to wait till she was ‘humiliated’ before exposing their dirty linen in public?
- · Why didn’t she take this case up with EFCC before now, given that she had documents backing her claims?
- · When will these people going to learn the consequences of their actions against Nigeria?
- · Why is it totally impossible to have good leaders in Nigeria? Why is corruption the norm?
- · What is the craze behind this get rich syndrome with the judiciary, executive, legislator officers that makes it impossible to be honest, credible, effective, professional and accountable?
Nigeria is struggling to have a stable economy yet this is what goes on at the Capital Market. It’s a good thing Herman Hembe stepped down for probe but it doesn’t make the investors any more interested or trust the NSE. Foreign investors are going to take a walk, NO THANKS TO CORRUPT PRACTICES BY OUR LEADERS!
I am almost certain that this will gravely affect two categories of people, the very rich and the very poor.
As reported in today's Guardian Newspaper, “Nigeria stands to lose tremendously if the situation is allowed to degenerate to the extent of discouraging foreign investors in our market.” . Indeed, the foreign investors were said to have demanded a multi-faceted talks with the Nigerian government, the regulatory body, SEC, and the NSE.
I don’t think we can afford to have a great divide between these classes and I was just wondering, should we take to the streets this time?
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