Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo
The Director-General of the Securities and Exchange Commission, Mr.
Mounir Gwarzo has been suspended over an allegation of financial
impropriety levelled against him.
The suspension order was given on Wednesday by the Minister of
Finance, Mrs Kemi Adeosun. Also suspended are two management staff of
the Commission – Mr. Abdulsalam Naif Habu, Head of Media Division and
Mrs. Anastasia Omozele Braimoh, Head of Legal Department – who have been
alleged to engage in financial impropriety in the Commission.
The Minister has set up an Administrative Panel of Inquiry (API) to
investigate and determine the DG's culpability. She has also directed
him to immediately handover to the most senior officer at the
Commission, pending the conclusion of investigation by the API.
The Minister said the suspension will give way for an unhindered
investigation of several allegations of financial impropriety leveled
against the Director-General.
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