The House of Reps’ position on Senator Udo Udoma

Proshare

 
The Imperative Neccesity Of Senator Udo Udoma’s Resignation From His Chairmanship Of The Securities & Exchange Commission Board.


While the issue of the Senator Udo Udoma and his Chairmanship of SEC as well as his position in other public quoted Companies still lingers on, I wish to hereby convey the stand of this Honorable Committee.


It is instructive to note that this Committee’s position on the issue strongly concurs with that of the Senate Committee on Capital Market – conveyed to you through the Senate Committee’s letter of 4th February, 2010.


As a matter of fact, this Committee after looking at the matter very critically and with a great sense of duty to rise and act to save the Nigerian Capital market in general and safeguard investors’ interest in particular, strongly believes that, after all that has been said and done, the resignation of Senator Udo Udoma from the Board of Securities & Exchange Commission as Chairman, is based on expediency; in the overall good interest of the Nation.


While we await your expedited understanding on this Committee’s position as stated above, please accept the assurances of the Committee’s esteemed regards.


HON. AHMED ALIYU WADADA

CHAIRMAN

HOUSE OF REPRESENTATIVES

COMMITTEE ON CAPITAL MARKETS & INSTITUTIONS

NATIONAL ASSEMBLY, P.M.B 141, GRAKI

THE THREE ARMS ZONE, ABUJA-NIGERIA

 

(Source:Proshare)

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