Senate confirms Yuguda’s appointment as SEC DG

The appointment of a former director of the central bank of Nigeria, Lamido Yuguda as the director-general of the Securities and Exchange Commission (SEC) has been confirmed by the Nigerian senate.    Appointments of Reginald Karausa, Ibrahim Boyi, and Obi Joseph as full-time commissioners of the agency were also confirmed by the lawmakers following a report presented by the chairman of Senate capital market committee, Ibikunle Amosun (APC, Ogun).   Before Yuguda’s confirmation, senators from Akwa Ibom state had filed a petition requestiing that Mary Uduk who had

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President Buhari nominates Lamido Yuguda as new DG for Securities and Exchange Commission, SEC; forwards name to Senate for confirmation

President Buhari has forwarded a letter to the Nigerian Senate, seeking the confirmation of Mr Lamido Yuguda as new Director-General of the Securities and Exchange Commission (SEC).   The request letter from the President was read on the floor of the Senate by the Senate President, Ahmad Lawan, during plenary today May 19.   The letter in part reads “Pursuant to Section 3 and 5(1) of the Investment and Securities Act 2007, I write to request for confirmation by the Senate,

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