There were revelations yesterday at the public hearing of the Capital Market probe, as the executive commissioners alleged that there is no team work at the management level of the commission. The commissioners expressed themselves without fear as they all stated that they do not meet face to face frequently and SMS has become the major source of communication at the management level.
Another shocking revelation was that of the level of moral amongst staff of the commission that has beenthe entire Executive team denied knowledge of the Road map to making the capital market world class. Only Executive Commissioner (Operations) Daisy Ekina said part of her presentation for the DG shortly on her assumption of office was in the Road Map.
affected by certain employment decisions of the DG. Executive Commissioner (Operations) Daisy Ekina said part of her presentation for the DG shortly on her assumption of office was in the Road Map. This is coming as
Ekina and Executive Commissioner (Legal and Enforcement) Charles Udora said that the staff were unhappy with Oteh’s management style and that trust and team work were no longer part of the work ethics of the organisation. Charles Udora also alleged that regular staff feel shortchanged with welfare and other remuneration factors as contract staff are treated better than them.
From the allegations of the management team of the Securities and Exchange Commission yesterday, it clearly showed that internal issues within the commission have contributed to the slow recovery of the collapsed Nigerian Capital Market.
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