Updated: FG inaugurates SEC Board with Lijadu as Chairman

L-R, Member, Governing Board of the Securities and Exchange Commission, Mr Lamido Yuguda, Chairman, Mr Olufemi Lijadu, Permanent Secretary Ministry of Finance Alh Mahmood Isa-Dutse and Acting Director General, Securities and Exchange Commission Ms Mary Uduk during the Inauguration of the Governing Board of the Securities and Exchange Commission by the Permanent Secretary Ministry of Finance in...

Lijadu, who hails from Ogun state, and is a leading commercial lawyer with over thirty years’ experience, was also Executive Director of one of Nigeria’s top four banking institution, United Bank of Africa Plc. “The inauguration of the Board of the SEC is critical, as the existence and operation of a board are fundamental for an agency like the SEC to adequately and efficiently perform its regulatory and market development functions.

“Investor confidence will accelerate the growth of our market and increase both domestic and foreign investor participation. Therefore, we must ensure that our market is transparent and listed companies imbibe good corporate governance and accountability.“Like world-class capital markets, ours should be characterized by high levels of liquidity, depth, breadth and sophistication with a strong domestic investor base.

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