A major stakeholder in the Nigerian capital market and Chairman, Nigerian Aviation Handling Company Plc, Alhaji Suleiman Yahyah, has expressed confidence in the newly-constituted board of the Securities and Exchange Commission (SEC).
The Federal Government the previous weekend appointed a board for SEC
with Suleyman Ndanusa, a former director-general of the commission, as
chairman.
Other members are: Mallam Mounir Gwarzo; Mrs. Sa’adatu Bello; Mr.
Zakawanu Imhobobho Garuba; Mr. Adefunke Abiodun; Mr. Ugochukwu Ikemba.
Yahyah said: “The new SEC governance team are well-experienced
stockbrokers, investment bankers, lawyers, economist with cognate
primary market and secondary market experience and recall Ndanusa
managed the SEC creditably in the boom years of 2002 to 2006 and Gwarzo
was also part of that team.
“It was during their time that the Investment and Securities Tribunal
was established to foster efficient dispute resolution and embed
transparency.”
Yahyah enthused that “now that the insiders have returned to the apex
regulator with governance responsibility at the beginning of a heady
market recovery, I’m confident that with clever insights and tweaking of
management and attraction of new and strong talents, we will begin to
see enhanced enforcement and regulatory proactiveness, all key
ingredients needed to sustain market confidence.”
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