Senior Correspondent, Abuja
Still smarting from the Ed-Fitr celebration which Muslims around the world celebrated to mark the end of the Ramadan, staff of the Securities and Exchange Commission (SEC) will resume work today with butterflies in their stomach owing to the planned mass sack proposal made to the commission's board by its management.
It was gathered at the weekend that SEC's management has concluded plans to embark on mass sack of 'unproductive staff' which got leaked to members of staff and is already causing panic and apprehension for the Commission's workers.
Sources within the Exchange confirmed that the Director-General of the SEC, Ms. Arunma Oteh who is expected to serve out her tenure this December has proposed to the SEC board chaired by Suleiyman Ndanusua of urgent need to shed staff load.
Oteh, who succeeded Musa Alfaki as SEC DG December, 2010, was said to have informed the board that there are many unproductive staff with doubtful credentials. Her proposal to the board was leaked by a board member to one of the staff whom he aided entry into SEC.
Confirming information of impending mass sack in Abuja, a senior staff within the commission who spoke on condition of anonymity, said every staff is already aware that the DG has made proposal to the board.
" We heard of it that she proposed to lay off what she classified as "unproductive staff". In fact, right now, there is a case of a woman, Mrs. Aisha Adamu ( formerly in accounts unit) summarily sacked on trump up charge . They accused her of cheating during promotion examination conducted by Financial Training Centre, Lagos. They claimed they caught her using her phone to cheat and the same person they accused was among the staff promoted when promotion list was released. They sacked this woman without giving her query, no committee or panel was set up to investigate or probe the allegation," said the staff.
She said, the DG is supposed to proceed on a three month terminal leave anytime soon preparatory to ending her tenure and wondered why she is keen to sack staff. She said, SEC staff have experienced low moral under the current administration and accused the management of financial recklessness and abuse of extant financial rules and regulation.
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