Arunmah Oteh Archives

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Arunmah Oteh Archives - TalkAfrique
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June 12, 2012

Nigeria Financial Regulator Arunmah Oteh Suspended Pending Invenstigation

The head of Nigeria’s stock exchange regulator, Arunmah Oteh, has been suspended pending an investigation into allegations of malpractice.

The decision of the regulator’s board comes after a parliamentary committee recommended she be investigated.

Ms Oteh was given the job of cleaning up the stock exchange following a crisis in 2009 which saw stocks lose around 60% of their value in a year.

She has not officially been accused of any wrongdoing herself.

The BBC’s Will Ross in Lagos says this not the first time a probe into fraud in Nigeria has turned into a circus of accusations and counter-accusations as the hunter turns hunted. Continue reading “Nigeria Financial Regulator Arunmah Oteh Suspended Pending Invenstigation”