By Daniel Peters in Abuja.
The Federal Government has tasked the newly inaugurated Board Members of the Securities and Exchange Commission (SEC) to employ innovative strategies and enhance digital currency transactions in regulating the financial market to attract investors both locally and internationally.
In Abuja on Tuesday, the Minister of Finance and Coordinating Minister of the Economy, Mr. Wale Edun, highlighted that a primary objective of President Bola Ahmed Tinubu’s Administration is to enforce fiscal policies that bolster financial market regulations, thereby fostering Nigeria’s economic growth and development.
Emphasizing the need to foster financial development and enhance operational efficiency within the financial market, the Minister stressed the importance of leveraging technology and innovation to address market challenges.
“SEC, as the apex regulator of the financial market encompassing capital markets, foreign exchange, and cooperative operators, must innovate and advance technologically to mitigate financial market challenges in line with the Renewed Hope Agenda of President Bola Ahmed Tinubu’s Administration,” Edun stated.
He urged the Board to focus on the burgeoning crypto sector to safeguard investments and public interests, directing them to develop a comprehensive master plan for regulation.
Congratulating the Board on their appointments, Mr. Edun noted that the members were selected based on their exemplary track records, expressing confidence that their combined expertise would drive the Commission’s transformation.
In response, the Chairman of the SEC Board, Mr. Mairiga Aliyu Katuka, expressed gratitude to President Bola Ahmed Tinubu for the opportunity to serve, pledging to fortify the financial ecosystem in alignment with the Commission’s mandate and the government’s agenda.
Katuka affirmed the Board’s commitment to leveraging their individual strengths and experiences to achieve government policy objectives, emphasizing their dedication to investor interests, market integrity, and regulatory oversight.
He assured stakeholders of the Board’s commitment to collaboration and transparency, highlighting their resolve to uphold President Bola Ahmed Tinubu’s confidence in them and steering Nigeria’s security market towards resilience and prosperity.
Earlier, Mrs. Lydia Shehu Jafiya, the Permanent Secretary of the Federal Ministry of Finance, commended Mr. Edun’s leadership and President Bola Ahmed Tinubu for appointing capable Board members who are poised to fulfill the Commission’s mandate.
Closing the event, Mr. Okokon Ekanem Udo, the Permanent Secretary Special Duties of the Federal Ministry of Finance, acknowledged President Bola Ahmed Tinubu’s timely constitution of the Board amid critical needs for financial growth and development in Nigeria.
He lauded Mr. Wale Edun for his steadfast implementation of government policies aimed at improving citizens’ lives and urged continued support for the Federal Government’s economic revitalization efforts.
Members of the newly inaugurated SEC Board include: Mairiga Katuka – Chairman,Dr. Emomotimi Agama – DG (SEC), Bola Ajomale – Executive Commissioner Operations, Ms. Frana Chukwuogor – Executive Commissioner Legal and Enforcement,Mrs. Samiya Hassan Usman – Executive Commissioner Corporate Services,Mr. Lekan Bello – Non-Executive Commissioner and
Garba Kurfi – Non-Executive Commissioner.
Edited by Dada Ahmed.
