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Experts set agenda for new SEC board

The capital market operators have commended President Bola Tinubu for the appointment of Dr Emomotimi Agama as the Director-General of  the Securities and Exchange Commission…

The capital market operators have commended President Bola Tinubu for the appointment of Dr Emomotimi Agama as the Director-General of  the Securities and Exchange Commission (SEC).

They gave the commendation in separate interviews, while reacting to the new SEC board composition by the President.

Prof. Uche Uwaleke, the President Capital Market Academics of Nigeria, described Agama’s appointment as “a round peg in a round hole.”

Uwaleke who said that Agama had been in the commission for over 20 years urged him to continue from where the present SEC Director-General stopped.

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Also speaking, Mr Olatunde Amolegbe, the Managing Director of Arthur Steven Asset Management Limited, said: “Most of them are well grounded capital market professionals with decades of experience under their belt both locally and internationally.

He  urged them to develop the nation’s commodities exchanges to fill the gap of trading in locally sourced soft commodities such as oil and gas and agricultural products.

Amolegbe added that the new team should ensure that the regulatory-induced banking recapitalisation is conducted in an efficient and orderly manner.

 

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