Posted on Thu 30 Nov 2017, 04:03 AM
Mounir Gwarzo

The Minister of Finance, Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, from Office, to allow for an unhindered investigation of several allegations of financial impropriety leveled against the Director-General.

The suspension is in line with the Public Service Rules 03405 and 03406.

In a statement by the deputy director press in the ministry, Patricia Deworitshe, the minister has set up an Administrative Panel of Inquiry to investigate and determine the culpability of the Director-General.

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 have been alleged to engage in financial impropriety in the Commission.

The minister 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 panel.

 

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