SUPREME COURT RULING PATH TO LABOUR PARTY'S PEACE AND UNITY - OTTI. (PHOTO)

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 Supreme court ruling path to Labour Party's peace and unity - Otti Abia State Governor Alex Otti has welcomed the Supreme Court's decision to remove Julius Abure as National Chairman of the Labour Party. According to Governor Otti, this ruling will usher in a new era of peace, unity, and order within the party. The Governor believes the Supreme Court's judgment vindicates the party's leadership, particularly since Abure's National Working Committee tenure had long expired. This led to the establishment of a National Caretaker Committee, headed by Esther Nenadi Usman and Darlington Nwokocha, with a vision to foster peace and unity while strengthening the party. The Supreme Court's decision is seen as a step towards restoring peace and unity within the Labour Party, validating the party's leadership and the decision to set up a caretaker committee. Governor Otti has invited former national officers to join hands with the National Executive Committee and the N...
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ADEOSUN REASSIGNS PORTFOLIOS IN SEC,AS MARY UDUK TAKES OVER AS ACTING DG.#PRESS RELEASE.

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        The Honourable Minister of Finance, Mrs. Kemi Adeosun, on Friday approved the reassignment of portfolios in the Securities and Exchange Commission (SEC).
2. Ms. Mary Uduk will assume the position of Acting Director-General of the Commission. Uduk’s appointment is governed by the provisions of the Investments and Securities Act (ISA), 2007 and the conditions of service applicable to the Director-General of the Commission.
3. The Minister, in a letter dated 13th April, 2018, said Uduk’s appointment had become necessary to ensure effective regulation of the Capital Market. Her appointment will, subject to satisfactory performance, subsist until further notice.
4. The Minister also announced the redeployment of the former acting Director-General of the Commission, Dr. Abdul Zubair, to External Relations Department.
5. She further made the following reassignment of the under-mentioned persons -
i. Reginald C. Karawusa – Acting Executive Commissioner, Legal and Enforcement;
ii. Isiyaku Tilde – Acting Executive Commissioner, Operations;
iii. Henry Roland Adekunle – Acting Executive Commissioner, Corporate Services.
6. The new Acting Director-General joined the Commission in 1986 as an assistant financial analyst. Her career as a regulator has spanned many functions and departments in the Commission, from corporate finance, administration, to providing structural, policy and due diligence for capital market transactions. She has also been responsible for managing several landmark capital market projects, including the registration of Capital Market Operators, articulating rules for bonds and equities; Mergers, acquisitions and Takeovers, and managing the banking and insurance industry consolidations between 2005-2007.
7. Uduk served as the pioneer Head of the Operations Division in the Lagos Zonal Office, and has headed the following Departments in the Commission: Internal Control, Investment Management, Financial Standards and Corporate Governance and Securities, and Investment Services Department, among others.
8. Meanwhile, the Federal Ministry of Finance has requested for a formal explanation from the SEC of the recent communications between the Commission and the Nigerian Stock Exchange (NSE), which adversely impacted market confidence.
Signed:
Oluyinka Akintunde
Special Adviser, Media & Communications
to the Hon. Minister of Finance
Federal Ministry of Finance   
13th April, 2018
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