November 30, 2017
(AFRICAN EXAMINER) – Nigeria’s Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, from Office.
The suspension is to allow unhindered investigation of several allegations of financial impropriety leveled against the Director-General and two other management staff of the commission.
A statement issued in Abuja by the Ministry of Finance stated that Mr Gwarzo was suspended along side two other management staff of the Commission – Mr. Abdulsalam Naif Habu, Head of Media Division and Mrs. Anastasia Omozele Braimoh, Head of Legal Department.
The statement reads in part:
“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.”