Business Insight Financial Market

SEC boss harps on role of sports in nation building and economic development

Adekunle Abiona October 29, 2021

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L-R: Executive Commissioner, Operations, Securities and Exchange Commission, Mr. Dayo Obisan; Executive Commissioner, Corporate Services, SEC Mr. Ibrahim Boyi; SEC Football Team Captain; Director General, SEC, Mr. Lamido Yuguda; former Super Eagles player, Mr. Daniel Amokachi; and Executive Commissioner, Legal and Enforcement, SEC, Mr. Reginald Karawusa; during the presentation of the CBN/NFF Tournament Trophy won by the SEC Team to the SEC management in Abuja 27/10/21. Photo: SEC Nigeria

The Director-General of the Securities and Exchange Commission (SEC), Mr. Lamido Yuguda, has reiterated the role of sports in the socio-economic development of any nation.

Therefore, efforts should be encouraged to develop sporting activities across the country.

Yuguda stated this in Abuja while formally receiving the trophy won by the SEC Football Team at the just concluded Central Bank of Nigeria All Financial Institutions Football Tournament.

L-R: Executive Commissioner, Operations, Securities and Exchange Commission, Mr. Dayo Obisan; Director General SEC, Mr. Lamido Yuguda; former Super Eagles player, Mr. Daniel Amokachi; Executive Commissioner, Corporate Services, SEC, Mr. Ibrahim Boyi and Executive Commissioner, Legal and Enforcement, SEC, Mr. Reginald Karawusa, during the presentation of the CBN/NFF Tournament Trophy won by the SEC Team to the SEC management in Abuja on 27/10/21. Photo: SEC Nigeria

A total of 24 football teams from different financial institutions participated in the tournament aimed at contributing to the development of sports and promoting financial inclusion in the country.

Speaking at the trophy presentation, which had in attendance the management of SEC and former Super Eagles star, Daniel Amokachi, the SEC DG expressed delight at the victory of the team during the tournament.

He described the tournament as one of the avenues used by regulators and operators in the financial ecosystem to promote the development of sports in Nigeria.

He said, “I congratulate the team for going out, putting in your best and winning the cup for the Commission. You have really done the SEC proud and I hope this is one of the first in the streams of trophies that you will bring back to the Commission.

“I was not really expecting the team to come back with the trophy and this was a big surprise when I was called that we qualified to the semi-finals and entered the finals and eventually became victorious.”

In his remarks at the event, Amokachi commend SEC management team for its support for football.

He advised members of the SEC victorious team not to get carried away by their victory and forget the importance of education.

He said while football talent is good, it is more rewarding when such talents are supported with quality education.

He said, “I love this game and will do all to support it. There are a lot of lapses when it comes to football and it’s sad that I stopped playing football at 28 which is my peak.”