New SEC Board to Visit NSE Tomorrow

ARUNMA OTEH 1By Richard ABANGWU InvestAdocate

Lagos (INVESTADVOCATE)-The newly constituted Board of the Securities and Exchange Commission (SEC) will visit the Nigerian Stock Exchange on Tuesday, March 5, 2013.

This is contained in a Notice from the NSE and obtained by InvestAdvocate.

According to the NSE, during this visit, members of the new SEC Board will ring the Trade Opening Bell of the Exchange.

In the same vein, the newly constituted Board of Nigeria’s SEC will be holding a Maiden Meeting with Publishers and Chief Executive Officers of media organisations in Nigeria on Wednesday March 06 2013 in Lagos Nigeria.

According to SEC in an e-mail letter of invitation signed by Arunma Oteh, Director General (DG) of Nigeria’s SEC and sent to InvestAdvocate, the interaction is intended to provide an avenue for the leadership of the Commission being the Statutory Regulator of the Nigerian Capital Market, to engage the top echelon of the fourth estate of the realm on issues of mutual interest and to share perspectives on current developments and avenues to foster the growth of the Market.

Apart from that, SEC says the forum will also serve to further consolidate the cordial and long standing partnership which the Media and the Market have always shared.

On December 22 2012, President Goodluck Jonathan approved the appointment of a new Board of SEC.

The appointment according to the Presidency is in line with the provisions of section 5 of the Investment and Securities Act 2007. Below are the appointees

1. Dr Suleyman Abdu Ndanusa

Zone: North Central

Position: Chairman

2. Mallam Mounir Haliru Gwarzo

Zone: North West

Position: Executive Commissioner

3. Mrs Sa’adatu Mohammed Bello

Zone: North Central

Position: Executive Commissioner

4. Rt. Hon. Zakawanu Imhobobho Garuba

Zone: South South

Position: Executive Commissioner

5. Barrister Adefunke Abiodun

Zone: South West

Position: Non-Executive Commissioner

6. Mr Ugochukwu Ikemba

Zone: South East

Position: Non-Executive Commissioner

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