Senate confirms new SEC DG, three commissioners


The Senate, on Wednesday, confirmed the appointment of Mr Lamido Yuguda as the director-general of the Securities and Exchange Commission.

The lawmakers also confirmed Mr Reginald Karawusa, Mr Ibrahim Boyi, and Mr Temidayo Obisan, as executive commissioners for the commission.

The confirmation followed the submission of the report of the Senate Committee on Capital Markets by its Chairman, Senator Ibikunle Amosun, to the upper chamber of the National Assembly

Amosun, in his presentation, described the nominees as experienced and suitable for the job, and therefore recommended their confirmation.

The President, Major General Muhammadu Buhari (retd.), had last week requested the Senate to confirm the appointment of the four nominees as DG and commissioners of SEC.

The President of the Senate, Ahmad Lawan, after the confirmation on Wednesday, urged the commission to ensure efficiency in the discharge of its duties in order to attract local and foreign investments to the country.

He said, “The Securities and Exchange Commission must be efficient and effective in ensuring that we are able to attract and sustain not only domestic investment but foreign direct investment.

“People should bring their monies and feel safe with their investments here. This is essential to create the very enabling climate for investors to be attracted and retained here in the country.”

Source: PUNCH.

You may also like...