Reps summon Soludo, Dangote others over Capital Market crash

Prof. Soludo

•Want MTN, AIRTEL,Etisalat others listed

The House of Representatives Ad hoc Committee on the near collapse of the Capital Market yesterday summoned the immediate past governor of the Central Bank, Prof. Chukwuma Soludo, former Finance Minister, Dr. Mukhtar Mukhtar, Chairman of Dangote Group,Alhaji Aliko Dangote,Mr. Femi Otedola, Mr.Oba Otudeko, the Executive Secretary of Department of Petroleum Resources (DPR) and the Executive Vice Chairman of Nigeria Communications Commission (NCC), Mr. Eugene Juwah, to appear before it on Tuesday next week.
Also invited by the committee are former Director General, Securities and Exchange Commission (SEC), Mr. Musa Al-Faki and former Director General, Nigeria Securities and Exchange Commission (NSE), Mrs. Ndi Okereke-Onyuike.
They are scheduled to appear on Monday. 
Each of the invited persons is expected to answer questions on the role he played in the months preceding the collapse of the capital market.
Alhaji Ibrahim El-Sudi, Chairman of the Ad hoc Committee, explained that the House would encourage the listing of MTN, Airtel and other public liability companies on the stock exchange with a view to boosting the liquidity of the sector..
Deputy Governor, Financial Systems Stability, Dr. Kingsley Moghalu, alleged last Wednesday that that the worst sharp practices that taffected the stock market took place under former CBN Governor Soludo’s watch.
This is the reason for Soludo’s summon. 
He will be answering questions on alleged sharp pratices by banks that contributes to the fall of the market during his time as CBN governor.