By: Sunday Michael Ogwu
The tenure of the Director General (DG) of the Securities and Exchange Commission (SEC) Ms Arunma Oteh comes to an end today but the federal government remains silent on who will preside over the affairs of the commission as at yesterday.
The celebrated rift between the SEC DG and House of Representatives that led to the decision by the House to suspend the commission’s budget for the last two years may scuttle any chance of Ms. Oteh getting an extension for a second term in office since that possibility would require National Assembly approval.
Those considered, however, for the job of the acting chief executive of the apex regulatory body of the nation’s capital market include Mr Munir Gorzo, executive commissioner operations, who is the most senior staff with over 15 years’ experience, Sa’adatu Muhammed, executive commissioner legal and enforcement and Zakawanu Garuba, executive commissioner cooperate services.
The Minister of Finance, Dr Ngozi Okonjo-Iweala, would be expected to announced an acting Director-General in Abuja, possibly today, as search for a substantive DG intensified.
SOURCE: DAILY TRUST