The Senate Committee on Capital Market has confirmed Dr. Emomotimi Agama as the new Director-General of the Securities and Exchange Commission (SEC).
The Committee chaired by Senator Osita Izunaso, also approved the nomination of Frana Chukwuogor as Executive Commissioner (Legal and Enforcement), Bola Ajomale as Executive Commissioner (Operations) and Mrs. Samiya Usman as Executive Commissioner (Corporate Services).
President Bola Tinubu 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 $1trillion economy.
Speaking shortly after his confirmation, 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.
According to him, his team was appointed by President Tinubu to change the narrative of the capital market and reposition it to the path that would boost economic growth.
“We are bringing on board innovation, development. We are going to change the narrative of the Nigerian capital market. We are going to turn it around. That is the essence of our appointed by Mr. President. With this team, we assure Nigerians that we’re going to do the best that the President has the desire to do.
“So, we should all wait to see what is going to happen. Our desire is to move this market forward. And to help in achieving the President’s $1tn economy in the shortest possible time.
“Yes, the President is going to be a year in office in a few days. That is remarkable because as an anniversary giver, the President has given us to Nigerians to do the best to change the market.”
He described the capital market as the barometer of the economy, noting that the commission would implement innovative polices and programmes that will create world-class companies in such a way that will ensure redistribution of wealth.
