Today, the Nigerian Senate has confirmed Emomotimi Agama as the Director-General of the Securities and Exchange Commission, alongside three others as Executive Commissioners.
This was followed after the presentation of the report of the Committee on Capital Markets, which noted that the nominees met the requirements and were eminently qualified for the positions.
However, the Senate also approved the nomination of Frana Chukwuogor as Executive Commissioner (Legal and Enforcement). Mr Bola Ajomale is the Executive Commissioner (Operations) and Mrs Samiya Usman is the Executive Commissioner (Corporate Services).
Agama confirmed this in a statement shared with journalists on Thursday.
President Bola Tinubu had on April 19 appointed Agama as the DG of SEC to take over from Lamido Yuguda.
His appointment as SEC DG has been hailed by capital market stakeholders, who described him as a technocrat who would boost the birthing of the Tinubu administration’s $1tn economy.
Speaking shortly after his clearance by the Committee last week, Agama, said he would accelerate the development of the capital market in a manner that would boost wealth creation, attract investments and create jobs for Nigerians.
Senator Osita Izunaso, Chair of the Committee, stated that the nominees passed all security checks and answered relevant questions during the screening.
The Senate voted and confirmed the nominees, with Deputy Senate President Barau Jibrin urging them to carry out their jobs diligently for the betterment of the country.
Agama, in his remarks, promised to accelerate the development of the capital market, boost wealth creation, attract investments, and create jobs for Nigerians.
He stated that his team was appointed to change the narrative of the capital market and reposition it to boost economic growth.
“We are bringing on board innovation, and development. We are going to change the narrative of the Nigerian capital market. We are going to turn it around,” Agama said.
“We desire to move this market forward and help achieve the President’s $1tn economy in the shortest possible time,” he added.
The confirmation and appointment of Agama and the Executive Commissioners are expected to boost the capital market and contribute to the growth of the Nigerian economy.
(Punch)