Senate Committee on Capital Market has confirmed Dr Emomotimi Agama as the new Director General of the Securities and Exchange Commission.
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 had, 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 $1 trillion economy.
Speaking shortly after his confirmation, Agama, a technocrat and an insider of the commission, 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 will boost economic growth.
“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. That is the essence of our appointment 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,” he said.
He described the capital market as the barometer of the economy, noting that the commission would implement innovative policies, and programmes that would create world-class companies in such a way that would ensure redistribution of wealth.
