SEC DG Arunma Oteh locked out of her office, placed on suspension

Director General of the Security and Exchange Commission, Arunma Oteh, was locked out of her office on Tuesday morning, the Premium Times reported.

Arunma Oteh

It caused a stir in the Abuja office building when Oteh, currently being investigated in a probe into the Capital Market crash, arrived to find the lock to her office changed overnight.

The Premium Times wrote:

“The locks were changed on the orders of the Board which met Monday, resolving that Ms. Oteh should proceed on suspension while the allegations of misappropriation of funds leveled against her are investigated.”

Oteh is fighting the decision, vowing not to comply with the Board’s decision.

The embattled SEC DG is being investigated by the EFCC, alongside Hon. Herman Hembe, former chairman of the House of Representatives Committee on the Capital Market, over a N44 million bribery allegation.

SEC boss Oteh, during the publicized probe into the Capital Market crash, claimed Hembe had demanded bribes of N44 million ahead of the probe. Her shocking claims were countered by then committee chairman, Hembe, who said Oteh had offered him the bribes.

Copies of a memo supporting his claims were published in the media. Hembe and Vice Chairman of the Committee, Chris Azubogu, are being investigated by the Economics and Financial Crimes Commission over the bribery allegations.

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