The Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, from Office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against the Director-General.
This was disclosed in a statement signed by Patricia Deworitshe, Deputy Director Ministry of Finance.
According to the statement, the suspension is in line with the Public Service Rules (PSRs) 03405 and 03406 to allow unhindered investigation of fraud allegations leveled against the Gwarzo.
Also suspended are two management staff of the Commission – Mr. Abdulsalam Naif Habu, Head of Media Division and Mrs. Anastasia Omozele Braimoh, Head of Legal Department who were alleged to have engaged in financial impropriety in the Commission.
In a statement on Wednesday, it was stated that an Administrative Panel of Inquiry (API) to investigate and determine the culpability of the Director-General has been set up.
“The Honourable Minister has set up an Administrative Panel of Inquiry (API) to investigate and determine the culpability of the Director-General” the statement stated.
Adeosun added that 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.
