Arunma Oteh, Female SEC Director General Spent N850,000 On Food In A Day

It was revealed yesterday at the National Assembly probe that the Director General of the Security and Exchange Commission, Ms Arunma Oteh, spent N850,000 on food in one day, in violation of regulations on how chief executives can spend. The House committee probing her said she's compromised her position by engaging in a spending spree in the last one year she's been in office. But no one said anything abut her resigning.

“We have also found out that you have been spending the money of SEC unjustly. You have stayed in Hilton for eight months. On a particular day, you ate N850,000 worth of food and spent over N30 million within the period. We have proof of all these,” said Hon. Herman Hembe.

These were part of the startling revelations made by the committee investigating the "illegal" activities going on with Nigerians hard-earned money in the Stock Market which is supposed to be regulated by the Securities and Exchange Commission, SEC, headed by Ms Arunmah Oteh.