Nigeria: Dr. Emomotimi Agama Assumes Role as SEC Director-General

Dr. Emomotimi Agama officially took office as the Director-General of the Securities and Exchange Commission (SEC) at the commission’s headquarters in Abuja on Tuesday.

His appointment was announced by President Bola Tinubu, along with the unveiling of a new board for the commission, as conveyed in a statement by his Special Adviser on Media & Publicity, Ajuri Ngelale.

Prior to his current position, Agama served as the Managing Director of the Nigerian Capital Market Institute.

The newly constituted SEC board is chaired by Mairiga Katuka, with other members including Frana Chukwuogor, Executive Commissioner of Legal and Enforcement; Bola Ajomale, Executive Commissioner of Operations; Mrs. Samiya Hassan Usman, Executive Commissioner of Corporate Services; Mr. Lekan Belo, Non-Executive Commissioner; and Garba Kurfia, Managing Director of APT Securities and stockbroker, appointed as a non-executive commissioner.

Agama’s assumption of office is on an acting basis pending confirmation by the National Assembly.

Upon his arrival at the commission’s headquarters, Agama was greeted with enthusiasm by the staff. He expressed his commitment to ensuring robust regulation and development of the capital market, thereby contributing to the nation’s economy.

Addressing the staff, Agama stated, “I consider it a privilege to serve in this capacity. Together, we must strive to meet the expectations of the capital market and elevate this institution. Unity is our strength, and divided we are vulnerable.”

Acknowledging President Bola Tinubu’s confidence in their capability, Agama emphasized the significance of meeting the high expectations of the market and the nation. He underscored his determination to collaborate with the commission’s staff to fulfill their mandate effectively.

Agama also praised the dedication of the SEC staff and pledged to address any outstanding issues affecting them. He recognized their hard work and resilience, highlighting their invaluable contribution to the institution’s growth.

In concluding his remarks, Agama appealed for the support and cooperation of the commission’s staff to facilitate the success of the new management.

With expectations high, Agama and the new board members are poised to enhance the SEC’s supervisory role in the country’s equity market, as urged by various capital market operators.