Monday, May 17African Business News
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Tag: Mary Uduk

Buhari appoints substantive DG for SEC three years after

Buhari appoints substantive DG for SEC three years after

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One year after the Director-General (DG) of the Securities and Exchange Commission (SEC), Mary Uduk, had spearheaded its affairs in an acting capacity, the Senate yesterday, received a request from President Muhammadu Buhari for the confirmation of Lamido Yuguda, as new Director-General of Commission. Also to be screened and confirmed are three nominees as full-time commissioners. The request comes three years after the apex capital market regulator has been operating without a substantive head, following the suspension of the former DG, Mournir Gwarzo, in 2017, on allegations of financial misconduct, unlawful carting away of sensitive documents, and unsatisfactory response to queries served on him. Gwarzo, was alleged to have requested and received the sum of N104million as sever...