The Director-General of the Securities and Exchange Commission (SEC), Arunma Oteh has resigned her position, the commission said on Sunday, January 11. Ms Oteh’s resignation was announced by the management of the SEC via a statement: “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,” the statement reads.
“The market witnessed significant product innovation, improved listing rules, landmark bond market reforms widening of participation in the markets through licensing and coming on stream of other capital trade points. 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 adds.
The SEC also said that Ms 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.
Oteh resumed the position of DG in January 2010 after being appointed by the late President Umaru Musa Yar’Adua in 2009