Monday, 12 January 2015

SEC Announces Exit of Oteh as Director-General

  The Securities and Exchange Commission (SEC) on Sunday announced the exit of Ms. Arunma Oteh as the commission’s Director-General.
The commission made the disclosure in a statement issued by its management and made available to the News Agency of Nigeria (NAN) in Lagos.
It said Oteh would be remembered for her passion, purpose, articulation and implementation of reform measures driven by the vision to transform the Nigerian capital market into world class.
“She was in a hurry to see Nigeria achieve a world class capital market that will drive development and make Nigeria one of the most attractive investment destination,” it said.
Some of her accomplishments, according to the statement, included restoration of investor confidence through strong enforcement actions and improvement of rules and regulations and investor’s education.
  “Under her leadership, the SEC also championed reforms at the Nigeria Stock Exchange (NSE) that witnessed a more robust output and delivery in its operator/oversight role,” the statement said.
The initiative to revamp NSE listing rules, it said, led to landmark transactions in dual listing of SEPLAT Petroleum on the NSE and the London Stock Exchange in April 2014, as well as the development of an alternative securities market.

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