Nigeria: Meet New SEC DG, Agama

22 April 2024

President Bola Tinubu recently announced the appointment of Emomotimi Agama as the director general of the Securities and Exchange Commission (SEC).

Ajuri Ngelale, special adviser to the president on media and publicity said Agama will take over from Lamido Yuguda.

According to Ngelale, Agama, who holds a Ph.D. (Economics), is a Chartered Management Accountant, Economist, Investment Analyst, A Chartered Stock Broker and a Risk Manager.

Before his new role, He was Managing Director at the Nigerian Capital Market Institute (NCMI), a subsidiary of the Securities and Exchange Commission.

He was previously the Head Registration, Exchanges, Market Infrastructure and Innovation Department, Special Assistant to the Executive Commissioner Operations and Head, Public Offerings at the Securities and Exchange Commission, where he superintended over the fund raising of most companies. Timi was a Secondee to the US Securities and Exchange Commission in 2018.

Agama is a ranking member of the Rules Committee and a member of the SEC committee on the adoption of IFRS in Nigeria and the SEC arrow head for the introduction of Derivatives trading in the Nigerian Capital Market.

Prior to joining the SEC, he was at various times with the University of Benin and Office of the Accountant General of the Federation and a Fellow of the IFC-Milken Institute Capital Markets Program.

He also holds an honors degree in Accountancy from the Rivers State University of Science and Technology Port-Harcourt, a Master's degree in Banking and Finance and another Master of Science degree in Economics both from the University of Benin, Benin City Nigeria and a Ph.D. in Economics with distinction from the Nile University of Nigeria where his Ph.D. dissertation was titled Impact of Cryptocurrency Operations on Macroeconomic Variables in Nigeria.

A graduate certificate holder in Capital Market from the George Washington University Washington DC USA, and also a graduate of the International Housing Finance Program of the Wharton Business School USA, New York Institute of Finance, Core Analyst Program.

He also holds The Advanced Risk Management Certificate from the University College London and PRMIA, a graduate of Strategic Enterprise Analysis and PRINCE 2 Project Management of the SEEC, York University Toronto Canada, as well as a graduate of the Duke University USA program on Fintech law and Policy.

He represents the Nigerian SEC as a plenary member of the Regulatory Oversight Committee (ROC) of the Global Legal Entity Identifier where he also sits on the board of the global body as a Vice Chairman. He has led various initiatives at the Nigerian SEC including serving as the Project Manager for the Nigerian Capital Market Master Plan (2015-2025), a major driver of the resuscitation of the Commodities Market, a fintech enthusiast and a global contributor to the Fintech discourse.

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