Investors’ protection, the core of SEC’s new leadership, says Yuguda

Investors’ protection forms core of SEC’s new leadership, says Yuguda

Protection of investors’ interests in the Nigerian capital market forms the core purpose for the new leadership of the Security and Exchange Commission (SEC), Lamido Yuguda, the new Director-General of the commission has said. The new SEC boss said investor protection would be at the centre of the initiatives of the new management, as any operator who short-changes investors would face the consequences. “For those who want to defraud investors, there would be no respite because we are ready to fight market manipulation to the last, anyone that flouts our…

Read more

Uduk has not resigned as Acting DG, SEC refutes media report

Mary Uduk, Yuguda, SEC, Securities and Exchange Commission

The Securities and Exchange Commission (SEC) has refuted the purported resignation of its acting Director General (DG), Ms Mary Uduk, from the commission. A statement issued on Sunday by Efe Ebelo, Head of Corporate Communications at SEC was quoted saying, “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…

Read more

Senate confirms Yuguda as SEC DG, 3 commissioners

Investors’ protection forms core of SEC’s new leadership, says Yuguda

The Nigerian Senate has Wednesday confirmed Lamido Yuguda as the Director General of the Securities and Exchange Commission (SEC). The upper chamber of the National Assembly also confirmed Reginald C Karausa, Ibrahim D Boyi, and Obi Joseph as full-time commissioner of SEC. They were confirmed after the Chairman of the Senate Committee on capital market, presented his report. “The committee recommends that the senate confirm the four nominees as appointed by Mr President, the commander-in-chief of the armed forces of Nigeria for the Securities and Exchange Commission (SEC)”. It would…

Read more