The Minister of Finance, Mrs.
Kemi Adeosun, has suspended the Director-General of the Securities and Exchange
Commission (SEC), Mounir Gwarzo.
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.
The Head of Media in SEC, Mr.
Abdulsalam Naif Habu and the Head of Legal Department, Mrs. Anastasia Omozele
Braimoh, have also been suspended.
“The suspension is in line with
the Public Service Rules (PSRs) 03405 and 03406.”
“The Honourable 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 have
been alleged to engage in financial impropriety in the Commission.”
The minister also set up an
Administrative Panel of Inquiry (API) to investigate the culpability of Gwarzo
in the matter.
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