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ICPC charges suspended SEC DG, Gwarzo, with N115m fraud

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The Independent Corrupt Practices and other related offences Commission has preferred three charges against the suspended Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, The PUNCH can report

In the charge marked CR/185/18, which was filed before a Federal Capital Territory High Court, Abuja, the ICPC accused Gwarzo of committing the fraud in June 2015.

The commission also preferred two charges against the SEC Executive Commissioner, Corporate Services, Zakwanu Garuba, for allegedly conniving with Gwarzo to commit the fraud.

According to the anti-graft agency, Gwarzo received over N104m as severance benefit less than a month after his appointment.

The suspended SEC boss was also accused of receiving over N10m as a ‘car grant’ contrary to Section 19 of the Corrupt Practices and Other Related Offences Act 2000.

Punch, May 8, 2018

 

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