The President has also got security report on how PricewaterhouseCoopers audited Oteh’s tenure, The Nation learnt.
The report of the audit firm led to Oteh’s reinstatement as the DG of SEC.
Following protests by SEC employees and the House of Representatives on Oteh’s reinstatement, the President asked for an independent opinion on the challenges in the commission.
It was learnt that the security report was at variance with the report of PricewaterhouseCoopers on some issues.
Following conflicting issues surrounding Oteh’s reinstatement, the President asked Mrs. Okonjo-Iweala, to write a comprehensive note to him.
A source, who spoke in confidence, said: “The President has received security report on the challenges in SEC. This report has provided a different perspective to how Oteh was suspended and recalled and the role of PricewaterhouseCoopers’ audit report.
“The reinstatement of Oteh was guided by the audit report of PricewaterhouseCoopers. But daily, fresh information on SEC crisis are getting to the President and he needs to address it at once.
“To have a well-informed opinion on Oteh, the President has demanded a comprehensive report from the Finance Minister, including the position of the former Board of SEC and the outcome of the investigation of the House of Representatives ad hoc Committee into the Capital Market.
“The latest status report from the Minister is expected to get to the President on or before the end of this week.”
Responding to a question, the highly-placed source added: “The President is trying to be fair to all sides. If Oteh is eventually cleared of any wrongdoing, she will remain on her desk. And where the situation is otherwise, she can still be removed.
“I think her reinstatement is not a final word on the SEC crisis from the Presidency. Do not forget too that the Oteh matter is one of the causes of the ongoing face-off between the Executive and the House of Representatives.
“So, the President is trying to be as transparent as possible on it because he is being accused of condoning corruption whereas the reverse is the case.”
The DG of SEC was suspended on June 12 and recalled by the Federal Government via a letter from the Secretary to the Government of the Federation, Chief Anyim Pius Anyim.
Her recall, apart from creating a wedge between the Executive and the House of Representatives, also attracted protests by SEC worker.
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