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How Oando’s Forensic Audit May Have Cost Gwarzo His Job

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The suspension of the Director-General (DG) of the Securities and Exchange Commission (SEC), Mr. Mounir H. Gwarzo by the Minister of Finance, Mrs Kemi Adeosun last week has been linked to the forensic audit into the financial affairs of Oando Plc, which SEC under Gwarzo commenced two months ago.

A letter exclusively obtained by THISDAY confirming this, showed that Adeosun had in a meeting with the SEC boss on Monday, November 27, 2017, verbally instructed Gwarzo to discontinue the Oando probe, which he apparently objected to.

To buttress his objection, he wrote a letter to Adeosun the next day (Tuesday, November 28, 2017) where he highlighted the implications of discontinuing with the probe not just to the Nigerian economy, but the signal it would send to foreign investors.

THISDAY, December 4, 2017

 

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