The Nigerian Securities and Exchange Commission ordered the Director-General of the NSE to leave her post. Local media reported that the former CEO, Mrs Okereke-Onyuke was accused of mismanaging the accounts of the NSE, which she has led for 10 and served for 27 years after coming from the New York Stock Exchange.
Local press reported drama at the Lagos trading floor as officials of SEC and the Economic and Financial Crimes Commission, accompanied by armed police and plain-clothes security officer came to enforce the dismissal.
The cleaning up of insitutions like the NSE is a pre-requisite for Nigeria's economic future.
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