October 4, 2023

The President, Major General Muhammadu Buhari (retd.), has written the Senate to confirm Lamido Yuguda as the new Director-General of the Securities and Exchange Commission.

Ezrel Tabiowo, Special Assistant on Press to Senate President, Ahmed Lawan, announced this in a statement on Tuesday.

Tabiowo also said three other nominees were put forward by the President for confirmation as commissioners in SEC.

They are Reginald Karawusa, full-time Commissioner; Ibrahim Boyi, full-time Commissioner; and Obisan Joseph, full-time Commissioner.

According to him, the President’s letter read in part, “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.”

He said his principal read the letter during plenary on Tuesday.

The Commission is presently headed by Mary Uduk in an acting capacity.

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