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Court orders reinstatement of SEC DG suspended by Adeosun



National Industrial Court in Abuja on Thursday ordered the immediate reinstatement of the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo.

Former Minister of Finance, Kemi Adeosun had in November 2017 suspended Gwarzo over allegations of financial impropriety.

Gwarzo approached the court to challenge his suspension.

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Meanwhile, the trial Judge, Justice Sanusi Kado in his ruling on Thursday held that Adeosun who is also the second defendant in the suit, lacked the power to suspend the claimant.

Justice Kado declared the suspension as null, void and of no effect, saying, the Administrative Panel of Inquiry that indicted the claimant was not a court of law neither was it a quasi-judicial body, but just a body set up for a fact finding duty.

He also set aside the recommendation of the Administrative Panel of Inquiry that indicted Gwarzo.

The Judge also held that the claimant’s salaries, allowances and entitlements accrued be paid to him in full.

By Babatunde Alao…

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