President Muhammadu Buhari has sent the name of Lamido Yuguda to the Senate for confirmation as the new Director-General of the Securities and Exchange Commission (SEC).
The President’s request was contained in a letter read by the Senate President, Ahmad Lawan, during plenary on Tuesday in the upper chamber of the National Assembly in Abuja.
He also urged the lawmakers to screen and confirm three nominees as full-time commissioners of the Commission.
They are Reginald Karausa, Ibrahim Boyi, and Mr Obi Joseph.
The letter read, “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). Their CVs are attached herewith.”
The position of the Director-General of the commission has a been occupied by Mary Uduk on acting capacity.
Uduk, who was appointed by the former Minister of Finance, Mrs. Kemi Adeosun in April 2018, replaced the former acting Director-General of the Commission, Dr. Abdul Zubair, who was redeployed to External Relations Department.
