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Wednesday, 29 November 2017

JUST IN: Buhari’s minister suspends top GEJ appointee over allegations of financial impropriety

JUST IN: Buhari’s minister suspends top GEJ appointee over allegations of financial impropriety

Mounir Gwarzo, Director General of the Securities and Exchange Commission (SEC), has been suspended, Premium Times reports.

Finance Minister suspends SEC DG over alleged financial impropriety

- The director general of the Securities and Exchange Commission, Mounir Gwarzo, has been suspended by the minister of finance, Kemi Adeosun

- Gwarzo was suspended in order to allow for an unhindered investigation of several allegations of financial impropriety leveled against him

- Two management staff of the Commission have also been suspended over allegations of financial impropriety

The development was announced in a statement released on Wednesday, November 29, by Patricia Deworitshe, Deputy Director, Press, Federal Ministry of Finance.

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We gather that Gwarzo was suspended on the order of the minister of finance, Kemi Adeosun, “to allow for an unhindered investigation of several allegations of financial impropriety leveled against the director-general.”

Finance Minister suspends SEC DG over alleged financial impropriety
Mounir Gwarzo (Photo credit: Daily Post)
The statement further read: “The Honorable 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.

“Also suspended are two management staff of the Commission – Abdulsalam Naif Habu, Head of Media Division and Anastasia Omozele Braimoh, Head of Legal Department – who have been alleged to engage in financial impropriety in the Commission.”

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Recall that We previously reported that the director-general of the Securities and Exchange Commission (SEC), Mounir Gwazo, allegedly requested for, and received a N104 million severance package from the commission, shortly after he was appointed as head of the SEC in 2015.

Gwazo was appointed by former president Goodluck Jonathan to succeed the former SEC DG, Arunmah Oteh, and previously held the position of executive commissioner at the SEC.

The SEC DG allegedly requested that he be paid the humongous sum of money as entitlement for holding his previous position for two and a half years.

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