May 26, 2020
Breaking News
May 19, 20204min2510
 Again, Buhari appoints another Northerner as SEC DG despite Southern protest, writes Senate for confirmation
President Muhammadu Buhari has again appointed Mr. Lamido Yuguda as the new Director-General of the Securities and Exchange Commission (SEC).
He has subsequently written to the Senate for confirmation.
Also to be screened and confirmed are three nominees as full-time Commissioners of the Commission in the letter despatched to the Senate.
The President’s request was contained in a letter read by the Senate President, Senator Ahmad Lawan, during plenary on Tuesday.
The letter reads: “Pursuant to Section 3 and 5(1) of the Investment and Securities Act 2007, I write to request for confirmation by the Senate, the appointment of the following four nominees as Director General and Commissioners of the Securities and Exchange Commission (SEC). Their CVs are attached herewith.
Others for confirmation are: Mr. Lamido A. Yuguda, Director General; Reginald C. karawusa, full-time Commissioner; Ibrahim D. Boyi, full-time Commissioner; and Mr. Obisan Joseph, full-time commissioner.
Daily Mail reports that the president has been accused of only appointing his kinsmen into key positions. All the Security Chiefs are of northern extraction and mostly Muslims which has irked Christians and southerners.
Recently, PANDEF, the Niger Delta Social Cultural Organisation, wrote a strongly worded letter to Buhari complaining of acUTE marginalization in NNPC.
PANDEF listed the 20 management positions being held by northerners in NNPC, which include Group Managing Director (GMD), Mele Kyari, while Buhari is the Minister of Petroleum.

The positions occupied by northerners in Nigeria’s cashcow are Chief Finance Officer, Finance and Accounts, Umar Ajiya; Chief Operating Officer, Gas and Power, Yusuf Usman; Chief Operating Officer, Corporate Services, Farouk Garba Sa’id; Chief Operating Officer, Refining and Petrochemicals, Mustapha Yakubu; Corporate Secretary/Legal Adviser to the Corporation, Hadiza Coomassie; GGM, International Energy Relations, IER, Omar Ibrahim; GGM, Renewable Energy, Kallamu Abdullahi; GGM, Governance Risk and Compliance, Ibrahim Birma; and GGM, NAPIMS, Bala Wunti.
Others are MD, NNPC Shipping, Inuwa Waya; MD, Pipelines and Product Marketing, PPMC, Musa Lawan; MD, Nigeria Petroleum Development Company, NPDC, Mansur Sambo; MD, Duke Oil/NNPC Trading Company, Lawal Sade; MD, Port Harcourt Refining Company, Malami Shehu; MD, Warri Refining and Petrochemical Company, Muhammed Abah; MD, Nigeria Gas Marketing Company, Abdulkadir Ahmed; MD, Nigeria Gas and Power Investment Company Limited, Salihu Jamari; MD, NNPC Medical Services, Mohammed Zango; and Director, Department of Petroleum Resources, DPR, Sarki Auwalu.

According to PANDEF the entire southern Nigeria was allotted only three top management positions in the NNPC.
“The oil producing zones of South-south, South-east, and South-west are left with one Chief Operating Officer position each, and a few senior and middle
level management positions in peripheral and incidental subsidiaries, departments and divisions of the corporation,” PANDEF noted.

Since Buhari took over in 2015, no southerners has been NNPC GMD and he has retained the position of the minister with Ibe Kachwukwu, who served for only three years his junior minister.



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