Further to its initial statement reacting to Wednesday’s story by online newspaper- Sahara Reporters on the sleaze in Nigeria’s Securities & Exchange Commission (SEC), evolving its Director-General, Mounir Gwarzo, (READ) the regulator said in another statement on Thursday, that it is evidence that corruption has started fighting back.
According to Nasif Abdussalam, head, corporate communications of the commission in an addendum to the earlier statement a few hours earlier said and without attempting to refute the allegations wrote: “Our stand for zero tolerance to market infractions is the main reasons For character defamation we are witnessing.
“When you fight Corruption it fight back”
“May our Nation and institutions be strengthen(ed) to fight Corruption to its logical end,” without necessarily alluding to its ongoing face-off with Oando Plc, whose shares were last week placed on suspension by the Nigerian Stock Exchange (NSE), based on the commission’s directive.
Oando is accused of corporate governance infractions, among others, following which Deloitte and four other firms were appointed for a forensic audit for which the energy giant is to pay N160m.