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SEC CMC meeting with new DG

SEC new DG, Yuguda expects to resume this week

By on June 14, 2020 0 135 Views

The newly confirmed Director-General of the Securities and Exchange Commission (SEC), Lamido Yuguda is expected to resume this week at the head office of the Commission, while the current acting DG Mary Uduk and other top officials of the regulator are waiting to receive him.
Speculations over the alleged resignation of the acting DG spread in the capital market on Sunday, but the commission said Uduk remain on her seat.
A statement by the SEC corporate communication unit said there was not truth in the said resignation of Uduk and neither was any send forth party slated for June 15 for her.
“Our attention has been drawn to a publication in the media on June 14, 2020, wherein the Acting Director-General, Mary Uduk is purported to have resigned from the Commission and a send forth party slated for Monday, June 15.
“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.
“Uduk like every other staff of the Commission is awaiting the arrival of the new DG, Lamido Yuguda who was cleared by the Senate last week,” the statement said.
“Stakeholders in the capital market and the general public are therefore advised to disregard the contents of the aforementioned publication as they are false,” the commission said in the statement.
Yuguda, a former director at the Central Bank of Nigeria (CBN) was confirmed by the Senate last week to replace the suspended and late sacked former DG of the Commission, Munsor Gwarzo.
Three other executive commissioners were also confirmed by the Senate along the new DG.
The new commissioners are Reginald Karawusa, Ibrahim Boyi and Temidayo Obisan.

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