I WAS NEVER SACKED- FORMER NSE DG REPLIES ARUNMA OTEH

The on-going house probe on near collapse of the capital market witnessed some bragging rights from the former Director General of the Nigeria stock exchange Prof. Ndi Okereke Onyuike as she refuted the many of claims of the present administrators of Securities and Exchange Commission relating to her being sacked from the office in 2010 due to her sensational lifestyle and financial recklessness. It will be recalled that on day one of the resumption of the capital market probe panel led by Hon. Ibrahim El-Sudi, the Securities and Exchange Commission’s DG stated emphatically that Prof. Onyuike was sacked from the office following her overbearing attitude, while responding to questions from the house committee Prof. Onyuike said she was never sacked from the NSE instead she was forcefully and illegally removed from the office with the use of unauthorized policemen who bump into her office during unofficial hours and took away most of her documents including her marriage and birth certificates. According to her, four different high courts had nullified her removal from the office and one had ordered the SEC to pay a compensation of 500million as damages, a legal action yet to be obeyed by the management of the SEC. She expressed her dissatisfaction on the present crop of people saddling the canoe of the capital market and accused them of not competent enough to lead the stock exchange, ”For the first time in the history of this country, the Nigeria capital market is facing a crash. The people that have taken over the Stock Exchange have done nothing new other than what our administration wrote and recommended in the document pass on to them”. While lauding herself on what she achieved during her tenure as NSE DG, the financial expert cum Harvard University lecturer said she was a broker on the trading floor of the popular New York Stock Exchange in the early 80’s before she was invited by the Nigeria government to come and develop the Nigeria stock exchange, she however said her tenure as the Director-General of the NSE brought back the middle class in the capital market that seems to have diminished long before she assumed office in year 2000. She further alleged that all SEC is presently doing is just to cover their illegal burglary into the NSE building with armed thugs and despite all allegations against her no courts in Nigeria has find her guilty of any financial misappropriation not even her invitation by the Economic and Financial Crimes Commission could nail her as a culprit. She said though she is not an angel but that stealing is not in her dictionary. On the Abuja sstock exchange and commodity market she offered to help for free and promise to get it back to running in 6months she also denied the Obama campaign fund raising saying she had known President Obama long before he became the president of the United States of America whe he was only 8months old as a senator in the U.S. “The 100million naira dinner for Obama was simply to create awareness for his presidential bid and not to be given to him”.