SEC Denies Resignation of Acting DG


By Ndubuisi Francis

The Securities and Exchange Commission (SEC), has denied the purported resignation of its Acting Director General (DG), Ms. Mary Uduk, from the commission.

A statement issued by SEC’s Head, Corporate Communication, Ms. Efe Ebelo, said yesterday that “its attention had been drawn to a publication in the media on Sunday June 14, 2020, wherein the Acting Director General, Ms. Mary Uduk, is purported to have resigned from the commission and a send forth party slated for Monday, June 15, 2020.

“The commission therefore wishes to inform the general public that the Acting Director General of the SEC, has not resigned her appointment with the commission, neither has she handed over to anyone.

‘Ms. Uduk, like every other staff of the commission, is awaiting the arrival of the new DG of SEC, Mr. Lamido Yuguda, who was cleared by the Senate last week.

“Stakeholders in the capital market and the general public are, therefore, advised to disregard the contents of the aforementioned publication as it was false.”