Mounir Gwarzo suspended as DG Securities and Exchange Commission, SEC
The Director General of the Securities and Exchange Commission, SEC, Mounir Gwarzo, has been suspended from office.
Mr. Gwarzo was suspended on Wednesday by the finance minister, Kemi Adeosun, āto allow for an unhindered investigation of several allegations of financial impropriety levelled against the Director-General.ā
According to a statement by Patricia Deworitshe, Deputy Director, Press, Federal Ministry of Finance, āthe suspension is in line with the Public Service Rules (PSRs) 03405 and 03406.ā
āThe Honourable Minister has set up an Administrative Panel of Inquiry (API) to investigate and determine the culpability of the Director-General.
āShe 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.
āAlso suspended are two management staff of the Commission ā Abdulsalam Naif Habu, Head of Media Division and Anastasia Omozele Braimoh, Head of Legal Department ā who have been alleged to engage in financial impropriety in the Commission.ā
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