SENATE CONFIRMS AGAMA AS SEC DG
The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the director-general of the Securities and Exchange Commission (SEC). The committee also approved the appointments of Frana Chukwuogor as the executive commissioner of legal and enforcement, Bola Ajomale as executive commissioner of operations, and Samiya Usman as the executive commissioner of corporate services.
According to a statement from SEC made available to The PUNCH, capital market stakeholders have welcomed Agama’s appointment, describing him as a technocrat poised to advance the Tinubu administration’s ambitious goal of achieving a $1 trillion economy. On April 19, 2024, President Bola Tinubu appointed Agama to succeed Lamido Yuguda as the head of the SEC.
Upon his confirmation, Agama recommitted to accelerating the development of Nigeria’s capital market to boost wealth creation, attract investments, and create jobs. He emphasized the importance of innovation and development in transforming the capital market, stating, "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 added that the management’s goal is to ensure that Nigeria’s capital market is mainstream and to establish businesses that would rank among the top in the world. "You must understand that the capital market is the barometer of any economy. And without a strong capital market, then, of course, the economy will not do very well. This management intends to make sure that we mainstream the capital market in the Nigerian economy. And in doing that, we are going to be able to provide employment, change the narrative, and create companies that are going to be top world-class companies in such a way that there will be what we call redistribution of wealth," he remarked.
According to the SEC DG, the President intends to use the capital market as one of the vehicles to improve the lives of Nigerians. "That is why the President has set up a team like this to be able to do that," he said.
The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the director-general of the Securities and Exchange Commission (SEC). The committee also approved the appointments of Frana Chukwuogor as the executive commissioner of legal and enforcement, Bola Ajomale as executive commissioner of operations, and Samiya Usman as the executive commissioner of corporate services.
According to a statement from SEC made available to The PUNCH, capital market stakeholders have welcomed Agama’s appointment, describing him as a technocrat poised to advance the Tinubu administration’s ambitious goal of achieving a $1 trillion economy. On April 19, 2024, President Bola Tinubu appointed Agama to succeed Lamido Yuguda as the head of the SEC.
Upon his confirmation, Agama recommitted to accelerating the development of Nigeria’s capital market to boost wealth creation, attract investments, and create jobs. He emphasized the importance of innovation and development in transforming the capital market, stating, "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 added that the management’s goal is to ensure that Nigeria’s capital market is mainstream and to establish businesses that would rank among the top in the world. "You must understand that the capital market is the barometer of any economy. And without a strong capital market, then, of course, the economy will not do very well. This management intends to make sure that we mainstream the capital market in the Nigerian economy. And in doing that, we are going to be able to provide employment, change the narrative, and create companies that are going to be top world-class companies in such a way that there will be what we call redistribution of wealth," he remarked.
According to the SEC DG, the President intends to use the capital market as one of the vehicles to improve the lives of Nigerians. "That is why the President has set up a team like this to be able to do that," he said.