The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo, from office, to allow for an unhindered investigation of several allegations of financial improprieties leveled against him.
A statement issued by Ms. Patricia Deworitshe, Deputy Director, Press, Federal Ministry of Finance said two other management staff of the Commission – Mr. Abdulsalam Naif Habu, Head of Media Division, and Mrs. Anastasia Omozele Braimoh, Head of Legal Department, who were also alleged to engage in sundry financial improprieties in the Commission were equally suspended.
The suspension, the statement claimed, was “in line with the Public Service Rules (PSRs) 03405 and 03406.”
“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 hand over to the most senior officer at the Commission, pending the conclusion of investigation by the API,” the statement concluded.
