The Senate Committee on Capital Markets has confirmed Emomotimi Agama as the Director-General of the Securities and Exchange Commission.
The committee approved the appointment of Frana Chukwuogor as SEC’s Executive Commissioner of Legal and Enforcement, Bola Ajomale as Executive Commissioner of Operations, and Samiya Usman as the Executive Commissioner of Corporate Services.
According to a statement from SEC made available to journalists, capital market stakeholders have welcomed Agama’s appointment, describing him as a technocrat poised to advance the Tinubu administration’s ambitious goal of achieving a $1 trillion economy.
On April 19, 2024, President Bola Tinubu appointed Agama to succeed Lamido Yuguda as the head of the SEC.
Upon his confirmation, he recommitted to accelerating the development of Nigeria’s capital market, to boost wealth creation, attract investments, and create jobs.
He noted the importance of innovation and development in changing the narrative of the capital market, stating, “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.”
Agama added that the management’s goal was to ensure that the country’s capital market is mainstream and establish businesses that would rank top in the world.