Buhari Wants Senate to Confirm Yuguda as SEC DG

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Deji Elumoye in Abuja

President Muhammadu Buhari has formally written to the Senate for the confirmation of Mr. Lamido Yuguda as the new director-general of the Securities and Exchange Commission (SEC).

He is also requesting the upper chamber to confirm three nominees as full-time commissioners of the commission.

The president’s request was contained in a letter written to the President of the Senate, Dr. Ahmad Lawan, and read at plenary yesterday.

The letter read in part: “Pursuant to Section 3 and 5(1) of the Investment and Securities Act 2007, I write to request for the confirmation by the Senate, the appointment of the following four nominees as Director General and Commissioners of the Securities and Exchange Commission (SEC). Their Curricula Vitaes (CVs) are attached herewith.

Others 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.