The appointment of a former director of the central bank of Nigeria, Lamido Yuguda as the director-general of the Securities and Exchange Commission (SEC) has been confirmed by the Nigerian senate. 

Appointments of Reginald Karausa, Ibrahim Boyi, and Obi Joseph as full-time commissioners of the agency were also confirmed by the lawmakers following a report presented by the chairman of Senate capital market committee, Ibikunle Amosun (APC, Ogun).

Before Yuguda’s confirmation, senators from Akwa Ibom state had filed a petition requestiing that Mary Uduk who had been acting as SEC DG since Mounir Gwarzo was suspended two years ago, be confirmed as the substantive head.