Tuesday, November 9, 2010
Capital market: Okereke-Onyiuke, four others shared N1.13bn – Report
Ndi Okereke-Onyiuke
Five top officials of the Nigerian Stock Exchange allegedly shared N1.13bn productivity allowance between 2006 and 2008, findings by forensic auditors appointed by the Securities and Exchange Commission to audit the accounts of the Exchange have revealed.
A copy of the auditors’ report, obtained by our correspondents on Monday, alleged that the immediate past Director-General, NSE, Prof. Ndi Okereke-Onyiuke, was paid N592.55m in the three years, representing 52 per cent of the total amount shared.
The former DG was alleged to have collected N58.10m, N334.45m and N200m in 2006, 2007 and 2008, respectively, the report, prepared by KPMG and Aluko Oyebode and Co, said.
Read More:http://www.punchng.com/Articl.aspx?theartic=Art201011093202939
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Nigeria Business
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