Mary Uduk Still Acting Acting DG- SEC

Lagos ----------- The Securities and Exchange Commission, SEC, has denied  reports that its Acting Director General, Ms Mary Uduk,  has resigned from the commission.

This was contained in a statement signed by the Head, Corporate Communication, SEC,  Mrs Efe Ebelo Sunday in Lagos.

According to Ebelo, the purported resignation of Uduk from the commission and a send forth party slated for June 15, was false.

She further stated, “Our attention has been drawn to a publication in the media on June 14, 2020, wherein the Acting Director General, Ms Mary Uduk is purported to have resigned from the Commission and a send forth party slated for Monday June 15.

“The Commission therefore wishes to inform the general public that the Acting Director General of the SEC has not resigned her appointment with the Commission, neither has she handed over to anyone.

“Uduk like every other staff of the Commission is awaiting the arrival of the new DG, Lamido Yuguda who was cleared by the senate last week.

“Stakeholders in the capital market and the general public are therefore advised to disregard the contents of the aforementioned publication as they are false."

Ebelo stressed that no send forth party was being planned for Uduk as reported by the national paper, as she did not resign from her job, even as the Senate on June 10, confirmed the nomination of Lamido Yuguda as the new Director General of SEC.

Also confirmed alongside Yuguda were three Executive Commissioners nominees namely; Mr Reginald Karawusa, Mr Ibrahim Boyi and Mr Temidayo Obisan.

Their confirmation followed the submission of the report of the Committee on Capital Markets which was presented before the Senate by the Chairman, Senator Ibikunle Amosun.

Their confirmation was announced by Senate President, Mr Ahmad Lawal after an affirmation by the Committee of the whole House in Abuja.