President Goodluck Jonathan has appointed the former Governor of Anambra State, Mr Peter Obi, as the new Chairman of the Securities and Exchange Commission.

PETER OBI: I have no ambition to go to senate

Mr Obi’s appointment was announced on Monday.

According to the presidency, his appointment is to take an immediate effect.

President Jonathan also confirmed the appointment of the Acting Director General, Mounir Gwazo, as the Director General of the Commission.