President Muhammadu Buhari on Tuesday urged the Senate to consider and approve the nomination of Mr. Lamido Yuguda, for appointment as the new Director-General of the Securities and Exchange Commission (SEC).
![](https://thenigerialawyer.com/wp-content/uploads/2024/04/Idrinstitute.jpg")
![](https://thenigerialawyer.com/wp-content/uploads/2024/03/2024.lidw_.jpg")
Also to be confirmed are three nominees as full-time Commissioners for the Commission.
The President’s request was contained in a letter read by the Senate President, Senator Ahmad Lawan, during plenary in Abuja.
Buhari’s letter reads in part: “Pursuant to Section 3 and 5(1) of the Investment and Securities Act 2007, I write to request for confirmation by the Senate, the appointment of the following four nominees as Director General and Commissioners of the Securities and Exchange Commission (SEC).”
Those for confirmation are: Mr. Lamido A. Yuguda, Director General; Reginald C. Karawusa, full-time Commissioner; Ibrahim D. Boyi, full-time Commissioner; and Mr. Obisan T. Joseph, full-time Commissioner.
Buhari’s request is coming two years and eight months after Mounir Gwarzo was suspended and later removed as the DG of SEC.
NIALS' Compendia Series: Your One-Stop Solution For Navigating Nigerian Laws (2004-2023)
Email: info@nials.edu.ng, tugomak@yahoo.co.uk, Contact: For Inquiry and information, kindly contact, NIALS Director of Marketing: +2348074128732, +2348100363602.
