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Senate Confirms Lamido Yuguda As SEC DG

Posted by Amarachi on Wed 10th Jun, 2020 - tori.ng

The Senate has confirmed Lamido Yuguda, a former director at the Central Bank of Nigeria as the director-general (DG) of the Securities and Exchange Commission.

Yuguda

Lamido Yuguda

The Senate on Wednesday confirmed Mr. Lamido Yuguda as the Director-General of the Securities and Exchange Commission.

Reginald C. Karausa, Ibrahim D. Boyi, and Obi Joseph were also confirmed as full-time commissioners of the Commission.

Ezrel Tabiowo, Special Assistant on Press to Senate President, Ahmed Lawan, announced in a statement that the nominees were confirmed after the Senate considered the report of the Committee on Capital Market.

The Committee which is chaired by Senator Ibikunle Amosun (APC – Ogun Central), recommended that “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".