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Yar’Adua nominates Arunma Oteh SEC DG

By Emma Ujah
ABUJA—President Umaru Yar’Adua has nominated Ms Arunma Oteh and Mr Ahmed Remi Makele as the Director-General and Executive Commissioner (Legal & Compliance), respectively, of the Securities & Exchange Commission (SEC).

A statement issued by the Federal Ministry of Finance in Abuja,  yesterday, said the appointments would be subject to Senate’s confirmation.

Ms Arunma Oteh
Ms Arunma Oteh

She was the guest lecturer at the last Vanguard’s Nigerian Banking Award in April. She spoke on Banking, Financial Hub and Human Development Index.

Abia state-born Ms Oteh has over 16 years of capital market experience and currently the Vice-President (Corporate Services) of the African Development Bank Group (ADB).

Prior to this, she served as the Bank’s Group Treasurer for 5 years (2001-2006) with overall responsibility for the Bank’s fund raising and investments in major international capital markets. She has worked variously in ADB as Division Manager Investments and Trading Room from 1997 to 2001, and Senior Investment Officer/Senior Capital Markets Officer from 1993 to 1997.

Cumulatively, she has worked with ADB for over 16 years.
Before joining the ADB, the nominee worked in corporate finance, consulting, teaching and research for several institutions, including the Harvard Institute for International Development, USA , and Centre Point Investments Limited Lagos, Nigeria.

She is on the board of a number of organizations, including the advisory board of the African Investor, as well as the International Financing Facility of Immunization (IFFIm) – a charity organization set up by governments to fast-track immunization and a critical vehicle for achieving the millennium development goals (MDGs).

Ms Oteh has an MBA from Harvard University , USA and a First Class Honours Bachelor of Science Degree in Computer Science from the University of Nigeria Nsukka . She has received both a Harvard Fellowship Award and a National Merit Award. She hails from Abia State .

Mr Makele is presently the Associate Director, Legal Risk & Compliance of DTZ Group Holdings Plc, an international corporate finance and investment management company.

He has also previously served as the Senior Manager, Regulation & Compliance at Royal Bank of Canada/Dexia Group – one of the World’s top 10 global custodians.

He has worked with other major UK legal and financial companies, as well as the UK Personal Investment Authority (now Financial Services Authority). Mr Makele has also consulted domestically for the Investment & Securities Tribunal (IST) and published papers on a number of domestic financial issues.

Mr Makele, who hails from Kogi State has a Masters degree in Public International Law from University of Cambridge and BA Honours in Law from University of Sussex , United Kingdom . He also has a diploma in Regulation and Compliance from the UK Securities & Investment institute. He is a Solicitor of the Supreme Court of England and Wales .


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