“All he needs do is to pick up the document, revise and update it, and then hit the ground running with the remaining outstanding initiatives in the Master Plan.” LamidoYuguda Buhari DGSEC
, received a request from President Muhammadu Buhari for the confirmation of Lamido Yuguda, as new Director-General of Commission.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.
Stockbrokers insisted that it is contrary to the ethics of corporate governance for the DG to continue to serve in an acting capacity after more than a year. He recalled that since the administration of Arunma Oteh to Gwarzo, the major agenda for SEC has been implementation of the Capital Market Master Plan, and charged the new team to pursue this vigorously
“All he needs do is to pick up the document, revise and update it, and then hit the ground running with the remaining outstanding initiatives in the Master Plan. The retention of Reginald Karawusa, who has been functioning in an acting capacity, as full time Executive Commissioner will help the new management team settle-in timeously.”
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