Mary Uduk Has Not Resigned as Acting DG—SEC

By Dipo Olowookere

The Securities and Exchange Commission (SEC) has dispel rumours making the rounds that its acting Director General, Ms Mary Uduk, has resigned from the commission.

The apex capital market regulatory agency, in a statement issued on Sunday by its Head of Corporate Communication, Mrs Efe Ebelo, stated that there is no iota of truth in the reports.

It was reported that Ms Uduk, who has piloted affairs of the commission very well since her appointment few years ago, has resigned and that a send forth party was being planned for her on Monday, June 15, 2020.

But in the statement today, SEC maintained that Ms Uduk has not resigned or handed over reigns of the organisation to anyone.

“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, or has she handed over to anyone.

“Ms Uduk, like every other staff of the commission, is awaiting the arrival of the new DG, Mr Lamido Yuguda, who was cleared by the Senate last week,” a part of the statement read.

The statement further stressed that “no send forth party is being planned for Ms Uduk.”

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

Recall that some days ago, President Muhammadu Buhari nominated Mr Yuguda as the substantive DG of the commission.

Last week, the Senate confirmed him for the position, urging him to use his experience to make the capital market very conducive for investors.

“The Security and Exchange Commission (SEC) must be efficient and effective in ensuring that we are able to attract and sustain not only domestic investment but foreign direct investment.

“People should bring their monies and feel safe with their investments here.

“This is essential to create the very enabling climate for investors to be attracted and retained here in the country,” the Senate President, Mr Ahmad Lawan, told Mr Yuguda when he was confirmed last week.