The Federal Government yesterday announced the appointment of Ibrahim Bolaji Bello as the new Acting Director General of the Securities and Exchange Commission SEC. His appointment takes effect from Monday June 18, 2012.
The Minister of Finance, Dr.(Mrs.) Ngozi Okonjo-Iweala declared Thursday in Abuja that Bello is to take charge of the running of the affairs of the apex regulatory body of the Nigerian capital market just as the four year term of the current board of SEC led by Senator Udoma Udo Udoma expires Friday, June 15, 2012, to rule out the possibility of tenure elongation for the board.
A fellow of the Chartered Institute of Stockbrokers (CIS) and well respected among operators in the Nigerian capital market, Bello is currently the Director of Administration in SEC. IBB as he is fondly called was born in Ilorin, Kwara State
He attended Government Secondary School Ilorin(WASCE), Federal Government College Sokoto(A Level) and University of Lagos and graduated with Bsc Business Admn in 1978. The new acting holds an MBA from Ahmadu Bello University ABU Zaria in 1981
Bello did his National Youth Service at the Nigeria Stock Exchange, Kaduna Branch and qualified as a Chartered StockBroker in 1979. He started his career at Capital Stockbrokers Limited, a stockbroking firm in 1979. He is also a Fellow of Chartered Institute of StockBrokers and currently a Council Member of the Institute.
The new SEC boss has 33 years working experience which spanned Banking, Stockbroking and Capital Market Regulations. The other places he worked include Icon Merchant Bank, Citi Trust Merchant bank, Empire Securities Limited(as MD/CEO) and joined SEC in 2001 as a Deputy Director and appointed a Director in 2006
His working experience in SEC includes Head of Registration department, Head of Lagos Zonal office, then became Director of Transformation and now Director of Administration.
Also he was Chairman and member of various committees in the Commission and has attended various trainings in Institutions like J P Morgan Chase(5 months training and attachment in 1985), Stanford School of Business ,Philadelphia,USA, NewYork Institute of finance,US SEC Washington USA,Financial Service Authority,UK, International Law Institute Washington, USA and various trainings locally.