Oando crisis: Adeosun queries SEC, removes Zubair as acting DG

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The Minister of Finance, Mrs. Kemi Adeosun, on Friday removed Dr. Abdul Zubair as the acting Director-General of the Securities and Exchange Commission.

The removal was confirmed in a statement issued by the Special Adviser to the Minister of Finance, Mr. Oluyinka Akintunde.

The statement said following his removal as acting SEC DG, Zubair had been redeployed to the External Relations Department.

Zubair was appointed as acting SEC DG on November 29, 2017 after the suspension of Mounir Gwarzo for alleged abuse of office.

The minister also named Ms. Mary Uduk as the acting Director-General of the commission, the statement added.

It said Uduk’s appointment was governed by the provisions of the Investments and Securities Act, 2007 and the conditions of service applicable to the DG of the commission.


Tony is an English and Literary Studies graduate from the University of Lagos. His hobbies include reading, football, swimming and writing. Tony is a lifelong fan of Manchester United and could read Jeffrey Archer and John Grisham’s novels the whole day without even taking a meal. Reach him at 08167677075 and 08185801508.

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