The senate has confirmed Lamido Yuguda, a former director at
the Central Bank of Nigeria (CBN), as the director-general (DG) of the
Securities and Exchange Commission (SEC).
The upper legislative chamber also confirmed Reginald C
Karausa, Ibrahim D Boyi, and Obi Joseph as full-time commissioners of SEC.
They were confirmed after Ibikunle Amosun, chairman of the
committee on capital market, presented his report.
“The committee recommends that the senate confirm the four
nominees as appointed by Mr President, the commander-in-chief of the armed
forces of Nigeria for the Securities and Exchange Commission (SEC),” Amosun
said.
But before the question was put on the nominations, Albert
Bassey Akpan, senator representing Akwa Ibom north-east, reminded his
colleagues of a petition the Akwa Ibom caucus had filed against Yuguda.
The Akwa Ibom senators had wanted Mary Uduk, acting SEC DG,
to be confirmed. Uduk has been acting as SEC DG since Mounir Gwarzo was
suspended two years ago.
In response, Amosun said the petition does not stop the work
of his committee since they complained about being “short-changed”.
“That petition will not hinder our work. They complained
about being short-changed,” he said.
Senate President Ahmad Lawan said there was no a need for
the ethics committee to present a report on the petition.
The senate then went ahead to confirm the nominees.
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