President Buhari appoints Lamido Yuguda as SEC DG

President Buhari appoints Lamido Yuguda as SEC DG

- President Muhammadu Buhari has appointed Lamido Yuguda as the director-general of Securities and Exchange Commission

- The appointment was contained in a letter forwarded to the Senate for confirmation and read by Ahmad Lawan

- Buhari also appointed Reginald C. Karausa, Ibrahim D. Boyi and Obi Joseph as full-time commissioners of the commission

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President Muhammadu Buhari has written to the Senate to approve the appointment of Lamido Yuguda as the new director-general of the Securities and Exchange Commission (SEC).

Ahmed Lawan, Senate president, made the disclosure while reading the letter seeking the approval of Yuguda's appointment during a plenary on Tuesday, May 18, Premium Times reports.

Legit.ng gathers that President Buhari also sought confirmation of three nominees, Reginald C. Karausa, Ibrahim D. Boyi and Obi Joseph as full-time commissioners of the commission.

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President Buhari appoints Lamido Yuguda as SEC DG

President Muhammadu Buhari has appointed Lamido Yuguda as the director-general of Securities and Exchange Commission.
Source: Twitter

“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),” the letter read in part.

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Meanwhile, President Buhari earlier assented the appointment of Kashim Ibrahim-Imam as chairman, board of trustees of the Tertiary Education Trust Fund (TETFUND).

Ibrahim-Imam, a well-respected politician, was the governorship candidate of the Peoples Democratic Party (PDP) in Borno state in 2003 and 2007 gubernatorial elections respectively.

The news of his appointment was contained in a letter dated Thursday, May 14, directed to him by Adamu Adamu, minister of education.

“I write to convey to you the approval of His Excellency, Muhammadu Buhari, President and Commander-in-Chief of the Armed Forces of the Federal Republic of Nigeria, of your appointment as Chairman of the Board of Trustees of Tertiary Education Trust Fund (TETFUND) in Abuja with effect from May 14, 2020.

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“The appointment is for a tenure of four years in the first instance and may be renewed for a further term of four years, upon satisfactory performance," part of the letter read.

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