SEC: FG Panel Recommends Gwarzo’s Dismissal from Public Service
Online newspaper, Upshot Reports, quoting the outcome of the Federal Government’s Administrative Panel of Inquiry has recommended the dismissal of Mounir Gwarzo, suspended Director-General of the Securities and Exchange Commission (SEC), from the Public Service. This, it said is in line with “PSR 030402 (in relation to the allegation on Golden Handshake), having breached paragraphs 313 and 316(4) of the Financial Regulations (Government Notice No. 219 of 27th October, 2009)(engaging in extra budgetary expenditure without appropriate approval).” The newspaper quoted a Presidency source as saying the report and recommendations of the API headed by the Permanent Secretary of the Federal Ministry of Finance, Mahmoud Isa-Dutse, is ready. Among others, the panel wants Gwarzo referred to the Independent Corrupt Practices Commission for further investigation of the allegation of abusing his office to award contracts to Outbound Investments Limited, contrary to the provisions of Sectio...