The three Senators representing Akwa-Ibom State have withdrawn a petition with which they challenged President Muhammadu Buhari’s nomination of Lamido Yuguda as the Director-General of the Securities and Exchange Commission (SEC).
The Senators are Bassey Akpan (Akwa-Ibom North-East), Christopher Ekpenyong (Akwa-Ibom North West) and Akon Eyakenyi (Akwa-Ibom South).
The lawmakers had challenged Yuguda’s nomination for the job on grounds that the President failed to nominate Mary Uduk from Akwa-Ibom State, who was already serving as Acting Director-General at the Commission.
According to a report of the Senate Committee on Ethics, Privileges and Public Petitions, the lawmakers had sought the intervention of the Upper Chamber to ensure that the people of Akwa-Ibom State were not further marginalized in Federal appointments.
In his presentation, Chairman of the Committee, Senator Ayo Akinyelure, explained that the three Senators found it “disheartening that Mary Uduk who was eminently qualified to be appointed DG, SEC, having represented Nigeria at the regional and international bodies such as the West African Capital Market Integration Council (WACMIC) and currently on the board of the International Organization of the Securities Commission (IOSCO), the international standards setter for securities regulation, was neither listed as DH nor as a full-time Commissioner.”
He, however, said following a move by the Committee to investigate the concerns raised by the lawmakers in the petition to the Senate, the petitioners and respondents met and resolved the matter.
According to Akinyelure, the resolution between both parties subsequently led to the withdrawal of the petition by the three lawmakers from Akwa-Ibom State led by Senator Albert Bassey Akpan.
Sam Egwu (Ebonyi North), in his contribution, called on the Federal Government to consider Akwa-Ibom in future appointments in view of the withdrawal of the petition.
Adamu Bulkachuwa (Bauchi North), on his part, said the consideration of the report of the Ethics Committee was not necessary as the petitioners had withdrawn the petition.
The Senate President, Ahmad Lawan, however, observed that there was a procedural issue that made it mandatory for the Committee to submit a report to the Senate despite the decision by the petitioners to withdraw the petition in the first place.
Accordingly, the Senate while adopting a resolution by Senator James Manager (Delta South), resolved that “Consequent upon the withdrawal of the petition by the petitioner, the matter is hereby taken and withdrawal approved
