UNILAG AD
  • The Membership Club
  • #EndSARS Dashboard
  • PT Hausa
  • About Us
  • Advert Rates
  • Careers
  • Contact Us
Friday, August 12, 2022
Premium Times Nigeria
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
  • Home
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Opinion
  • Health
    • News Reports
    • Special Reports and Investigations
      • Health Specials
    • Features and Interviews
    • Multimedia
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Special Reports/Investigations
    • Features and Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • Projects
    • #EndSARS Dashboard
    • Parliament Watch
    • #PandoraPapers
    • Panama Papers
    • Paradise Papers
    • AGAHRIN
  • AUN-PT Data Hub
Premium Times Nigeria
BUA Group Ad BUA Group Ad BUA Group Ad
Herman Hembe faces corruption allegation from SEC DG, Arunma Oteh

Herman Hembe faces corruption allegation from SEC DG, Arunma Oteh

Documents show House was first to approach SEC for N40million

March 21, 2012
Reading Time: 3 mins read
16

A new set of documents (find them below) made available to Premium Times this morning suggest that it was the House Committee on Capital Market that first approached the Securities and Exchange Commission asking for sponsorship for its public hearing scheduled for March 13 – 30.

Going by the stamp of receipt on the document, the House first sent a N39, 844,490 budget estimate to the SEC on February 29. It is however not known what discussions took place between the Committee members and the SEC leadership before the budget was forwarded to the capital market reqgulator that February 29..

A breakdown of the budget shows that N5,605,240 would be spent on advertising the public hearing in five newspapers (Business News, Daily Trust, Punch, Vanguard and Tribune) while N2, 245, 450 would be needed to publicise the event on major electronic media – AIT, Channels and NTA.

For live coverages of the hearing on Channels, AIT and NTA, the budget claimed N26, 203, 800 was needed. N4, 215,000 and N1,575,000 were earmarked for secretariat need and refreshment respectively.

However, apparently after considering the budget, an official of SEC, Hassan Mamman, initiated a memo to Director General Arunmah Oteh, on March 1 suggesting that the agency “assist the Committee by co-sponsoring this three weeks long event.” 

In a second memo to Ms Oteh dated March 9, 2012, Mr. Mamman indicated contact had been made with members and that the committee “welcomed” the idea of sponsoring its public hearing. He went further to suggest that the management of SEC approve N30.4million to support live coverage and secretariat needs of the hearing.

Both Ms Oteh and the board of SEC approved the proposal.    

The committee kept in touch with SEC after money was approved for it. On March 14, it wrote to the agency introducing Messrs Note Worth Consulting as its consultant for the public hearing.

“Kindly avail him all the necessary assistance please,” Aba Thomas, Assistant Committee Clerk, wrote in the letter.

TEXEM Advert

It is not clear what assistance SEC later offered to Note Worth as a representative of the committee. Officials of the firm could not be reached Wednesday morning.

Find the actual house public hearing document below

Documents show House was first to approach SEC for N40million

Documents show House was first to approach SEC for N40million

Documents show House was first to approach SEC for N40million

Documents show House was first to approach SEC for N40million

Documents show House was first to approach SEC for N40million

Documents show House was first to approach SEC for N40million

 

  • Tweet
  • Email
  • Print
  • Telegram
  • More
  • WhatsApp
  • Share on Tumblr
  • Pocket


Support PREMIUM TIMES' journalism of integrity and credibility

Good journalism costs a lot of money. Yet only good journalism can ensure the possibility of a good society, an accountable democracy, and a transparent government.

For continued free access to the best investigative journalism in the country we ask you to consider making a modest support to this noble endeavour.

By contributing to PREMIUM TIMES, you are helping to sustain a journalism of relevance and ensuring it remains free and available to all.

Donate



TEXT AD: Call Willie - +2348098788999






PT Mag Campaign AD

Previous Post

87 fake corpers arrested in Nasarawa

Next Post

Bamanga Tukur

More News

Glory Ogbonna Falcons defender

Champions League takes Super Falcons defender to Turkey

August 12, 2022
Johnson & Johnson Medical [PHOTO CREDIT: NPR]

Johnson & Johnson to end sales of talc powder after cancer lawsuits

August 12, 2022
NLC matching to the National Assembly

University Workers’ Strike: Group tells NLC, TUC to declare nationwide strike

August 12, 2022
Fomer governors Joshua Dariye and Jolly Nyame of Plateau and Taraba states

Gov Lalong visits Dariye, Nyame, praises Buhari for pardoning thieving ex-governors

August 12, 2022
Governor Nasir El-Rufai

EXCLUSIVE: El-Rufai to Buhari: Boko Haram puts North-west at risk of ‘total darkness’

August 12, 2022
Peter-Obi

Labour Party names leader of Peter Obi’s campaign communication team

August 12, 2022
Read All Comment

Our Digital Network

  • PT Hausa
  • Election Centre
  • Human Trafficking Investigation
  • Centre for Investigative Journalism
  • National Conference
  • Press Attack Tracker
  • PT Academy
  • Dubawa
  • LeaksNG
  • Campus Reporter

Resources

  • Oil & Gas Facts
  • List of Universities in Nigeria
  • LIST: Federal Unity Colleges in Nigeria
  • NYSC Orientation Camps in Nigeria
  • Nigeria’s Federal/States’ Budgets since 2005
  • Malabu Scandal Thread
  • World Cup 2018
  • Panama Papers Game
  • Our Digital Network
  • About Us
  • Resources
  • Projects
  • Data & Infographics
  • DONATE

All content is Copyrighted © 2022 The Premium Times, Nigeria

No Result
View All Result
  • #PandoraPapers
  • Gender
  • News
    • Headline Stories
    • Top News
    • More News
    • Foreign
  • Investigations
  • Business
    • News Reports
    • Financial Inclusion
    • Analysis and Data
    • Business Specials
    • Opinion
    • Oil/Gas Reports
      • FAAC Reports
      • Revenue
  • Health
    • COVID-19
    • News Reports
    • Investigations
    • Data and Infographics
    • Health Specials
    • Features
    • Events
    • Primary Health Tracker
  • Agriculture
    • News Report
    • Research & Innovation
    • Data & Infographics
    • Special Reports/Investigations
    • Investigations
    • Interviews
    • Multimedia
  • Arts/Life
    • Arts/Books
    • Kannywood
    • Lifestyle
    • Music
    • Nollywood
    • Travel
  • Sports
    • Football
    • More Sports News
    • Sports Features
  • #EndSARS Dashboard
  • Projects
    • Panama Papers
    • Paradise Papers
    • Parliament Watch
    • AGAHRIN
  • AUN-PT Data Hub
  • Opinion
  • The Membership Club
  • DONATE
  • About Us
  • Advert Rates
  • PT Hausa
  • Dubawa NG
  • Careers
  • Contact Us
  • Digital Store

All content is Copyrighted © 2022 The Premium Times, Nigeria