FG Appoints Abdul Zubair As Acting DG Of Securities Exchange Commission
The Federal Government on Sunday announced the appointment of Dr Abdul Zubair as acting Director-General, Securities and Exchange Commission (SEC).
Mrs Efe Ebelo of the commission’s Corporate Communications Unit, said in a statement released in Lagos, that the appointment was with immediate effect.
Ebelo stated that the appointment followed the suspension of Mr Munir Gwarzo, the commission’s boss.
She assured the investing public and stakeholders, both local and international, of the commission’s commitment to ensuring uninterrupted and orderly operation of the market and regulation.
Until his appointment, Zubair was the Director in charge of External Relations in the commission.
The acting director-general is an alumnus of Ahmadu Bello University, Zaria, where he received B.Sc. Economics, MBA, M.Sc. and PhD Business Administration degrees.
He also holds a PGD (Mathematics & Computer Science) and a PGD (Education) from other universities.
He has over 25-year cognate experience in the financial industry and the academia.
Recall that the Minister of Finance, Mrs. Kemi Adeosun, had on Nov. 29 suspended Gwarzo over allegations of financial impropriety.
Adeosun immediately set up an administrative panel of inquiry to investigate the allegations.
She said that the suspension of Gwarzo was to allow for an unhindered investigation of several allegations of financial impropriety leveled against him.
She also suspended two other senior staff of the commission: Abdulsalam Naif Habu, Head of Media Division; and Anastasia Omozele Braimoh, Head of Legal Department.