Senate Confirms SEC DG’s Appointment

Almost five months after her nomination, the senate last week confirmed the appointment at Ms Arunma Ojeh as the Director General of the Apex regulator of the Nigerian Capital Market, Securities and Exchange Commission (SEC).

The senate rejected the confirmation of Ahmed Makele as Executive commissioner of the Commission.

The senate, in rejecting the nomination of makele   observed that there was no vacancy to justify the confirmation of the nominee.

Ojeh had been screened by the senate committee on capital market headed by Ganiyu Solomon last month. Although the report of the screening was formally presented to the Senate two weeks ago, it was not debated before the lawmakers adjourned plenary for 10 days to handle the 2010 budget.

Following the confirmation, Ojeth will take over from Daisy Ikineh, who has been acting as the Commission’s Director General since Musa Alfaki resigned  from the position in April this year after he was allegedly implicated in the poor handling of the AP Share manipulation saga.

During the screening  exercise  that preceded her confirmation, the senators praised Ojeh’s resume.

She was described as a “round peg in a round hole’,