By Tony Obiechina, ABUJA –
Four years after the last Board was disbanded, the Federal Government will, on Monday, inaugurate a new Board for the Securities and Exchange Commission (SEC).
Headed by Mr. Olufemi Lijadu, a commercial lawyer as Chairman, the new Board is coming four years after President Muhammadu Buhari sacked the former SEC board headed by Mr. Peter Obi in 2015.
PromptNewsOnline learnt at the weekend that the inauguration of the four-year-tenure Board will take place at the Federal Ministry of Finance Headquarters, in Abuja.
Other members of the Board include Mr. Lamido Yuguda from Gombe State (Non-executive Commissioner); Mrs. Rekiya Ladi (Kaduna), Non-executive Commissioner; and Mr. Okokon Ekanem, representing the Ministry of Finance.
The rest are: Dr Alvan Ikoku, representing the Central Bank of Nigeria; Ms Mary Uduk, SEC’s Acting Director-General; and Mr. Henry Rowlands, SEC’s Acting Executive Commissioner, Corporate Services; Mr Isyaku Tilde, Acting Executive Commissioner (Operations); and Mr. Reginald Karawusa, SEC’s Acting Executive Commissioner (Legal & Enforcement).
Buhari dissolved the previous board on July 16, 2015, and set up an eight-man panel headed by a former Secretary to the Government of the Federation, Mr Babachir Lawal, two months later, to reconstitute it.
Market operators have been calling for the reconstitution of the Board to strengthen SEC’s operations.
