Reps Begin Probe Of Gwarzo’s Suspension As SEC DG

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Officials of Nigeria’s Federal Ministry of Finance and Securities & Exchange Commission (SEC) are appearing before the House Committee on Capital Market and Institutions, headed by Tajudeen Yusuf, as it seeks to unravel the allegations and counter-allegations by the Minister of Finance, Kemi Adeosun, and suspended Director-General of the capital market apex regulator- Mounir Gwarzo.
Recall that Gwarzo and two other top officials of SEC were suspended some months ago from office.

While the Finance Ministry based its suspension order on various allegations of abuse of office, which may not be unconnected to his receipt of about N104.8m as severance benefit when he was appointed DG from his previous position of Executive Commissioner, as well as award of contracts to companies in which he and his cronies had interest, the embattled DG blames his problem on the planned forensic audit of integrated energy giant- Oando Plc over sundry infractions.
A source at the commission confirmed the arrival of its officials at the National Assembly complex to Investdata News.

http://investdata.com.ng/2018/01/reps-begin-probe-gwarzos-suspension-sec-dg/#more

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