Senate queries SEC over illegal spending, N10 billion Gombe bond

The Nigerian Senate on Thursday queried the Securities Exchange Commission for spending money “illegally”.
The Commission, at the briefing of the implementation of its 2015 budget organised by the Senate Committee on Capital Market, was accused of illegally spending money from the 2014 budget without approval by the National Assembly.
The senate complained that the commission went ahead to spend money despite their non-allocation of funds in the 2014 fiscal year. Continue Reading