Business
Jonathan Appoints SEC Chairman, DG
President Goodluck Jonathan has appointed the former Governor of Anambra State, Dr. Peter Obi, as chairman of the nation’s securities and Exchange Commission (SEC) for the next four years.
This was made known yesterday by the President who acted to fulfill his earlier promise that SEC was not expected to be without permanent leaders due to the sensitive nature of its functions.
President Jonathan also approved the nomination of Mr. Munir Gwarzo as the substantive Director General (DG) of SEC for the next five years.
Gwarzo was appointed the acting Director General at the expiration of the tenure of the former DG, Ms Arunma Oteh.
By the present approval, Gwarzo’s position as the acting DG was now being upgraded to the DG of SEC according to the nomination by market stakeholders and approval of the President of the federation.
It would be recalled that President Jonathan during his visit to the Nigerian Stock Exchange (NSE) earlier this month said the commission would have a DG before the end of April, adding that having an acting DG would not give the sensitive commission an opportunity to perform its duties to the nation as the capital market regulators.
He also said that the commission’s work has a sensitive impact on the economic growth of the nation.
Business
FEC Approves Concession Of Port Harcourt lnt’l Airport
Business
Senate Orders NAFDAC To Ban Sachet Alcohol Production by December 2025 ………Lawmakers Warn of Health Crisis, Youth Addiction And Social Disorder From Cheap Liquor
The upper chamber’s resolution followed an exhaustive debate on a motion sponsored by Senator Asuquo Ekpenyong (Cross River South), during its sitting, last Thursday.
He warned that another extension would amount to a betrayal of public trust and a violation of Nigeria’s commitment to global health standards.
Ekpenyong said, “The harmful practice of putting alcohol in sachets makes it as easy to consume as sweets, even for children.
“It promotes addiction, impairs cognitive and psychomotor development and contributes to domestic violence, road accidents and other social vices.”
Senator Anthony Ani (Ebonyi South) said sachet-packaged alcohol had become a menace in communities and schools.
“These drinks are cheap, potent and easily accessible to minors. Every day we delay this ban, we endanger our children and destroy more futures,” he said.
Senate President, Godswill Akpabio, who presided over the session, ruled in favour of the motion after what he described as a “sober and urgent debate”.
Akpabio said “Any motion that concerns saving lives is urgent. If we don’t stop this extension, more Nigerians, especially the youth, will continue to be harmed. The Senate of the Federal Republic of Nigeria has spoken: by December 2025, sachet alcohol must become history.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
According to him, “This is not just about alcohol regulation. It is about safeguarding the mental and physical health of our people, protecting our children, and preserving the future of this nation.
“We cannot allow sachet alcohol to keep destroying lives under the guise of business.”
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