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Buhari Names Lamido Yuguda New SEC DG, Seeks Senate Confirmation

Buhari Names Lamido Yuguda New SEC DG, Seeks Senate Confirmation

President Muhammadu Buhari has asked the Nigeria Senate to confirm his appointment of Alhaji Lamido Yuguda as the new Director-General of the Securities and Exchange Commission (SEC).

Naija News reports that Buhari also asked the Senate to confirm the appointment of three other nominees who would serve as full-time commissioners of the commission.

Buhari’s request was contained in a letter read by Senate President Ahmad Lawan on the floor of the upper legislative chamber on Tuesday

The letter reads: “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 names for confirmation are: Mr Lamido A. Yuguda, Director General; Reginald C. karausa, full-time Commissioner; Ibrahim D. Boyi, full-time Commissioner; and Mr Obi Joseph, full-time Commissioner.

Naija News reports that Yuguda was a former director at the Central Bank of Nigeria (CBN).

Recall that the former DG of SEC, Mounir Gwarzo, was suspended and later removed.

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