Tinubu Seeks Senate Nod for SEC Nominees’ Confirmation

Sunday Aborisade in Abuja

President Bola Tinubu yesterday asked the Senate to screen for confirmation, four persons recently appointed as members of the Board of the Securities and Exchange Commission (SEC).

The President’s request was contained in a letter read by the Senate President, Godswill Akpabio at plenary.

The nominees were: Emomotimi Agama, Frana Chukwuogor, Bola Ajomale and Samiya Hassan-Usman.

Agama, was nominated as Director-General while Chukwuogor would serve as Executive Commissioner (Legal and Enforcement), SEC.

Ajomale, on the other hand, nominated as Executive Commissioner (Operations) while Hassan-Usman was appointed as Executive Commissioner (Corporate Services).

Tinubu, had on April this year, approved the appointment of seven persons as members of the SEC pending their confirmations by the Senate

Only four names were however, transmitted to the Senate for confirmation and the President did not give reasons for not including names of the other three professionals.

In the letter, the President explained that the appointment was in compliance with the provisions of section 3 and 5 (1) of the Investment and Security Act of 2007.

Part of the letter titled, “Confirmation of appointment of the Director-General and Commissioners of the Securities and Exchange Commission,” read: “In accordance with the provision of sections 3 and 5 (1) of the investment and security Act of 2007. I am pleased to present for confirmation by the Senate, the under-listed four nominees as Director-General and Commissioners of SEC.”

The president urged the lawmakers to expedite the screening and confirmation process.

The Senate President thereafter referred the request to the Senate Committee on Capital Markets and directed the committee members to refer their resolution to the senate within two weeks.

The nominees would be screened by members of the Senate Committee on Capital Markets.