The Nigerian Senate has confirmed the appointment of Lamido Yuguda as the Director-General of the Securities and Exchange Commission (SEC).
Isreal Tabiowo, the Media Aide to Senate President Ahmed Lawan, announced this in a statement on made available to reporters on Wednesday.
He added that the Red Chamber also confirmed the appointment Reginald C. Karausa, Ibrahim D. Boyi, and Obi Joseph as full-time commissioners of the Commission.
According to Tabiowo, the nominees were confirmed after the Senate considered the report of the Committee on Capital Market chaired by Senator Ibikunle Amosun (APC – Ogun Central).
Amosun said: “The Senate confirms the four nominees as appointed by Mr President, the Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria to the Board of the Securities and Exchange Commission”.
Speaking after the nominees were confirmed, the Senate President, Ahmad Lawan said, “The Security 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 a very enabling climate for investors to be attracted and retained here in the country.”
