By Etse Kassim, Abuja
The Federal Government has appointed Abdul Zubair as the acting Director General of the Securities and Exchange Commission (SEC).
Zubair replaces Mounir Gwarzo who was recently suspended by Kemi Adeosun, Minister of Finance, over allegations of fraud.
Zubair, an alumnus of Ahmadu Bello University, Zaria, holds a B.Sc. Economics as well as MBA, M.Sc. and PhD business Administration degrees.
He also holds PGD in Mathematics & Computer Science and PGD in Education from other universities.
A statement made available to newsmen in Abuja on Sunday by SEC, called on investors in the nation’s capital market not to panic over the unceremonious change of guard in the agency.
The statement read in part: “The SEC Nigeria wishes to assure the investing public and all stakeholders, local and international, of its commitment to ensuring an uninterrupted and orderly operation of the market and the regulation thereof.
“The Commission is poised to continue to ensure the stability of the Nigerian capital market and sustain the all-time high level of investor confidence, as recent developments will not be allowed to disrupt the regulatory effectiveness and efficiency of the Commission as the statutory regulator of the capital market and by extension, the smooth running of the market.”
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