BREAKING:  Buhari replaces SEC Acting DG, Mary Uduk with Lamido Yuguda

• Sends Yuguda’s name to Senate for confirmation as SEC DG

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).

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.