SEC DG suspended


KEMI Adeosun, minister of finance, has suspended Mounir H. Gwarzo, director-general of the Securities and Exchange Commission, SEC, from office.

The suspension is to allow an unhindered investigation of several allegations of financial impropriety levelled against the director-general.

The suspension, the minister said in a statement, is in line with the Public Service Rules, PSRs, 03405 and 03406.

The minister has set up an Administrative Panel of Inquiry, API, to investigate and determine the culpability of the Director-General.

She has directed the suspended SEC Director-General to immediately handover to the most senior officer at the Commission, pending the conclusion of investigation by the API.

Also suspended are two management staff of the Commission – Abdulsalam Naif Habu, head of Media Division and  Anastasia Omozele Braimoh, head of Legal Department – who were alleged to have engaged in financial impropriety in the commission. – Daily Trust

– Nov 30, 2017 @ 9:05 GMT

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