Lamido Yuguda replaces Mary Uduk who has been on acting capacity
President Muhammadu Buhari has appointed Lamido Yuguda as the substantive Director-General of the Securities and Exchange Commission, SEC.
President Buhari’s appointment was contained in a request sent to the Senate on Tuesday asking for his confirmation.
The letter was read out by the Senate President, Ahmad Lawan, at the start of plenary on Tuesday.
The appointment brings to an end the tenure of Acting DG Mary Uduk who was appointed on April 2018 by former Minister Finance Minister Kemi Adeosun following the sack of Mounir Gwarzor as the Director-General.
The president also sought confirmation of three nominees as full-time Commissioners of the Commission.
They are Reginald C. Karausa, Ibrahim D. Boyi and Obi Joseph.
“Pursuant to Section 3 and 5(1) of the Investment and Securities Act 2007, I write to request for confirmation by the Senate, the appointment of the following four nominees as Director General and Commissioners of the Securities and Exchange Commission (SEC),” the letter read in part.
The nominees will be referred to the appropriate committee for screening on another legislative day.
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