Udoma Udo Udoma
Encyclopedia
Udoma Udo Udoma was elected Senator for the Akwa-Ibom South constituency of Akwa-Ibom State, Nigeria
at the start of the Nigerian Fourth Republic
, running on the People's Democratic Party
(PDP) platform. He took office on 29 May 1999.
He was reelected in April 2003, again running on the PDP platform.
After taking his seat in the Senate in June 1999, he was appointed to committees on Public Accounts, Judiciary, Banking & Currency, Science & technology, Privatization and Drug & Narcotics (vice chairman).
In February 2010, as chairman of the Governing Board of the Securities and Exchange Commission
, Udoma was criticized for retaining the posts of Chairman of UACN, Director of Unilever and Vice Chairman of the Board of Linkage Assurance, publicly traded companies. Udoma declared his interest in these companies before being appointed, and as required by the law excused himself from meetings where issues directly related to these companies were being discussed, but there remained concern that in his position he might exercise undue influence or become involved in a conflict of interests.
Nigeria
Nigeria , officially the Federal Republic of Nigeria, is a federal constitutional republic comprising 36 states and its Federal Capital Territory, Abuja. The country is located in West Africa and shares land borders with the Republic of Benin in the west, Chad and Cameroon in the east, and Niger in...
at the start of the Nigerian Fourth Republic
Nigerian Fourth Republic
The Fourth Republic is the republican government of Nigeria. Since 1999 it has governed the country according to the fourth republican constitution. It was in many ways a revival of the Second Republic, which was in place between 1979 and 1983 and suffers many of the same problems, such as multiple...
, running on the People's Democratic Party
People's Democratic Party (Nigeria)
The People's Democratic Party is a political party in Nigeria. Its policies generally lie towards the right wing of the political spectrum. It has won every single Presidential elections since 1999, namely: 1999, 2003, 2007, and 2011, and is the dominant party in the Fourth Republic.-History:In...
(PDP) platform. He took office on 29 May 1999.
He was reelected in April 2003, again running on the PDP platform.
After taking his seat in the Senate in June 1999, he was appointed to committees on Public Accounts, Judiciary, Banking & Currency, Science & technology, Privatization and Drug & Narcotics (vice chairman).
In February 2010, as chairman of the Governing Board of the Securities and Exchange Commission
Securities and Exchange Commission (Nigeria)
The Securities and Exchange Commission is the main regulatory institution of the Nigerian capital market.It is supervised by the Federal Ministry of Finance....
, Udoma was criticized for retaining the posts of Chairman of UACN, Director of Unilever and Vice Chairman of the Board of Linkage Assurance, publicly traded companies. Udoma declared his interest in these companies before being appointed, and as required by the law excused himself from meetings where issues directly related to these companies were being discussed, but there remained concern that in his position he might exercise undue influence or become involved in a conflict of interests.