Breaking News! N44million bribery scandal: House Committee chair, Herman Hembe, steps down

Herman Hembe faces corruption allegation from SEC DG, Arunma Oteh

As predicted by Premium Times in a report Monday, Chairman of the House of Representatives Committee on Capital Market, Herman Hembe, has stepped down to pave way for a probe of the coruption allegations against him.

Mr. Hembe says he took no bribe as alleged by the Director General of the Securities and Exchange Commission, Arunma Oteh, but ” worked hard to avoid the offer of such” from SEC DG.

The ethics committee of the House will nonetheless probe the allegation while the public hearing on the operations of the capital market would continue under an ad hoc Speaker

This website had reported Monday that Speaker Aminu Tambuwal was considering an independent probe of the N44 million bribery scandal rocking the House of Representatives, in the run-up to Tuesday sitting of the House.

Reliable sources close to Mr. Tambuwal had told us that Mr. Hembe would be compelled to step down while an independent inquiry is launched into a scandal that has horrified the nation, and shocked even the lawmakers.

Mr. Hembe had met with the leadership of the house over the weekend, insisting he never solicited N44 million as claimed by the DG, those familiar with the matter had told this newspaper.

Ms. Oteh alleged the demand – the first for N39 million and later for N5 million – were made ahead of the ongoing capital market committee public hearing, and the funds were purportedly meant to finance the sitting. House public hearings are funded by the house, and under the sixth assembly, the figure averaged at N5 million for each hearing.


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  • M

    This is transparency in progress as the average Nigerian starts asking questions of our political gangsters in house of Senate and Reps. Those who hijacked Nigerian’s democracy will gradually find it harder to operate with impunity. We do not hold our politicians to any account…the bar is so low!

    You could see the “muscule” pumping facial expressions of the chairman after being accused of demanding a bribe. It shocked him to the core for a mere “DG” to have the animal boldness to expose bribe requested in private.

    This is exactly what the Nigerian judges do before any trial, hence no serious case of corruption has been recorded…apart from the token sacrifical lamb called “Bode George”. Even he was warmly received when he completed a mere “2 yrs” for stealing billions, with no forfieture recorded.

    You must have already read how these political jobbers have awarded themselves blotted salaries and expenses to earn the enviable title of the “Highest Paid Elected Officers” in the world. All laws past by such a houses will always favour the looting class. Hence, progressive laws like “Removal of Immunity Clause” will NEVER see the light of day.

    Let’s face it, we are doomed as we have a very dull and easily persuaded electorate in a one party democracy. It’s going to be “Chop…I Chop” for a very long time to come.

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