The Coalition Against Corrupt Leaders (CACOL) has called for the removal of the embattled Director-General of Security and Exchange Commission, Ms Arumah Oteh for allegations of corruption and underhand dealings that rocked her tenure as the boss of SEC.
Reacting to the reinstatement of Oteh, the Executive Chairman of CACOL, Debo Adeniran expressed surprise at the inglorious step of the federal government despite the overwhelming allegations of stark corruption against Ms Oteh.
“it is rather unfortunate that when Ms Arumah Oteh should be behind the dock for what she did or failed to do during her tenure as SEC boss, which caused the collapse of the Nigerian Capital Market and led to the death of many investors, the FG could not find a better panacea to the comatose market than to recall the same Oteh to further exacerbate its condition.
This government has demonstrated that merit is not in its dictionary judging from the plethora of dubious persons in the President’s cabinet. President Jonathan’s government is awash with people of questionable characters. Arumah Oteh’s reinstatement has confirmed the fear of many well-meaning Nigerians that the federal government does not have the interest of the helpless and hapless Nigerian citizens at heart,” Adeniran submitted.
The anti-corruption crusader urged the Presidency to reverse the ignominious reinstatement and called for the immediate sack of the DG SEC and possible prosecution.
Meanwhile, the Coalition Against Corrupt Leaders (CACOL) has lauded the effort of the House of Representatives at ensuring 100% implementation of the 2012 budget. “Full implementation of the budget, especially the capital projects, is the basis of good governance. Any government that desires a notable change in the society must be committed to implementing the budget fully. The reluctance exhibited by the President when it comes to capital project execution is not only suicidal to the masses, but it is an act of grand corruption that must not be treated with kid gloves.”
The House of Representatives must make good its threat to move for the impeachment of President Goodluck Jonathan in case he fails to fully implement the 2012 budget by September 18 deadline given to him,” the Coalition averred.