Trouble brewing in Securities and Exchange Commission

Trouble is gradually but surely brewing in the Securities and Exchange Commission SEC as it is been reported that the refusal of the National Assembly to approve the 2013 budgetary allocation of the Securities and Exchange Commission is taking a heavy toll on the finances of the organisation.



Punchng.com is reporting that SEC had not paid March salaries of its workers. It also saying that, if the zero allocation continues, crises of confidence might hit the stock market.

It is said that, there is a resolution by the lawmakers not to allocate money to SEC. "The bickering between SEC and the National Assembly is beginning to affect the operations of SEC.

A senior official of the Commission confirmed the development and added that the zero allocation was causing a crisis of confidence in the capital market.

Can someone in authority do something before this before it gets out of hand please.