LAGOS – The Senate has confirmed the nomination of Malam Munir Gwarzo as the Director-General of Securities and Exchange Commission (SEC).
The News Agency of Nigeria (NAN) reports that the confirmation followed the consideration of the Senate Committee on Capital Market.
SEC said in a statement issued in Lagos on Thursday that the Committee, headed by Sen. Ayo Adeseun, had earlier screened
Gwarzo and described him as the best candidate for the position.
The statement noted that the Committee had earlier expressed satisfaction with Gwarzo’s nomination and therefore called on the whole house to confirm his nomination by President Goodluck Jonathan.
It stated that after his unanimous support and confirmation by senators, the Senate President, David Mark, described Gwarzo as a round peg in a round hole.
Mark, the statement noted, urged Gwarzo to bring his experience to bear on the development of the nation’s capital market.
Gwarzo, 52, and a fellow of the Chartered Institute of Stockbrokers (CIS), attended Bayero University Kano and graduated with Bachelors Degree in Economics in 1987.
He also attended University of Birmingham in the UK for post graduate course in Development Finance in 1991.
His working career spans a period of 25 years in various organisations namely; Ministry of Trade, Kano State, the Nigerian Stock Exchange (NSE), Century Merchant Bank Ltd, Empire Securities Ltd, SEC, Federal Mortgage Bank of Nigeria and MTL Global Investment Ltd, prior to joining the Board of SEC.
He had the unique opportunity of working as an operator and regulator in both the primary and secondary markets of the Nigerian capital market for 20 years. (NAN)
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