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Gwarzo appointed SEC acting director-general

13 January 2015, 10:11

Abuja - Munir Gwarzo, the Executive Commissioner, Operations, securities and Exchange Commission was on Monday, appointed as the Acting Director-General of the commission.

This is contained in a statement by the commission that was made available to newsmen in Abuja.

According to the statement, Arunma Oteh, the former Director-General of the commission announced this during a formal handover ceremony in the commission.

Gwarzo was an Associate Member of the Chartered Institute of Stock brokers and became a fellow of the institute in 2005.

"He has played roles the in Nigerian Capital Market as an operator and as a regulator.

"This is evident from the calibre of institutions he has served in during his working career that spans a period of 25 years,'' the statement said.

Also read: Oteh leaves Securities and Exchange Commission

It said the institutions include Ministry of Trade, Kano State; Nigerian Stock Exchange, Century Merchant Bank Limited, Empire Securities Limited, Securities and Exchange Commission, Federal Mortgage Bank of Nigeria and MTL Global Investment Limited.

"Gwarzo has also participated in several courses both at home and abroad, some of which include, The Securities Market Regulation and Development of Bonds Markets in Johannesburg, Asset Backed Securities and Mortgage Securitization in Singapore and Operational and Credit Risk Management in Dubai among others.''

It quoted Oteh at the occassion as describing her five year tenure at the Commission as absolutely outstanding attributing it to the co-operation she received from every member of staff.

“When I joined SEC in January 2010, I was absolutely certain about why SEC was important and what its role and agenda was.

She said the commission had been able to lay a foundation for the nation to see a capital market that would help tackle its infrastructure challenges", Oteh said.

The former Director-General therefore appealed to staff to continue to work hard and support the leadership to ensure that the brand that was built is not eroded.



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