Panel recommends dismissal of suspended SEC DG

A panel set up by the Minister of Finance, Kemi Adeosun has recommended the dismissal of the suspended Director General of the Securities and Exchange Commission (SEC) Mounir Gwarzo from the civil service.

The panel headed by the permanent secretary Ministry of Finance, Mahmoud Isa-Dutse,  had discovered that Gwarzo of the Public Service Rules by awarding contracts to firms in which he had interests, and embarking on extra budgetary expenditure.

Gwarzo was suspended last year, to allow through investigation of a petition submitted against him. He was alleged to have awarded contracts to companies in which he had interest. Gwarzo also collected the sum of N104 million as severance package after he was appointed as Director General.

The panel also advised that Gwarzo be made to face the Independent Corrupt Practices Commission (ICPC) over the allegations. In addition, the panel recommended that Gwarzo should refund the sum of N104 million which he collected as severance package.

Two other staff of the commission, Anastasia Omozele Braimoh and Mr. Abdulsalam Naif H suspended alongside Gwarzo, were referred to SEC for appropriate disciplinary action in line with the provisions of the commission’s staff manual.

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