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Meet Udo Udo Udoma of Akwa Ibom State, The New Minister of Budget and National Planning!

from: 10 . 12 . 15
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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.

Senator Udo Udoma was appointed Chairman of the Union Bank of Nigeria Plc Board in 2013.
He is an accomplished lawyer and member of the Nigerian Bar Association (NBA). He served in the Nigerian Senate from 1999 to 2007 and led the Committees on Appropriations, and National Planning during that period. He was also the Senate Chief Whip between 2004 and 2007.

He has served on several national committees and also as the non-executive Chairman of the Nigerian Securities & Exchange Commission (SEC).

Other notable appointments and awards include:
•    Recipient, Commander of the Order of the Niger (CON)
•    Chairman, UAC Nigeria Plc
•    Honorary Consul of Japan, Lagos

Background:
Mr. Udoma Udo Udoma, CON, is a Senior Partner of Udo-Udoma & Belo_Osagie. Mr. Udoma was a two-term member of the Nigerian Senate from 1999-2007 where he served variously as Chief Whip, Chairman of the Committee on National Planning, Revenue Mobilisation and Poverty Alleviation and Chairman of the Appropriations Committee. Mr. Udoma has been Chairman of UAC of Nigeria Plc January 2, 2010. He served as the first Chairman of the Corporate Affairs Commission in 1991-1992 and is the part time Chairman of the Securities and Exchange Commission. He has served the Nation in other roles such as Special Adviser to the Minister of Petroleum and Mineral Resources from 1993 to March 1994. He has been Chairman of the Presidential Committee Waivers, Incentives and Concessions since 2007. Mr. Udoma specializes in advising on Nigerian investment laws and the investment environment generally, particularly in the petroleum, energy and natural resources sectors; advising Nigerian and international companies on company law, corporate restructuring, mergers and acquisitions and the raising of financing in the capital and money markets, as well as on major construction and engineering contracts.

Mr. Udoma has been Chairman of Union Bank of Nigeria Plc since February 2013 and its Director since November 27, 2012. He served as Vice Chairman of Linkage Assurance Plc and serves as its Director. He has been a Director of Unilever Nigeria Plc since January 1, 2008 and UAC of Nigeria Plc since 1995. He serves as a Director of First Hydrocarbon Nigeria Limited. He served as Director of First Hydrocarbon Nigeria Limited. Mr. Udoma holds a Bachelors of Arts Degree in Jurisprudence in 1976, a Bachelors of Civil Laws Degree and a Masters of Arts in 1977 from St. Catherine’s College, Oxford University.

He is now the New minister for Budget and planning and is dedicated to working with the new government of president Buhari, as they pour their hearts and souls into taking Nigeria to new heights.

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