Nigeria In One Minute
Panel recommends SEC DG, Gwarzo, for dismissal
The Administrative Panel of Inquiry, set up to look into the allegations of financial misconduct by the Director-General, Securities and Exchange Commission, Mr Mounir Gwarzo, has recommended the dismissal of the suspended officer from the Public Service.
A copy of the report obtained on Tuesday in Abuja by our correspondent showed that the panel found Gwarzo guilty of violating public service rules and financial regulations.
The document was obtained from a source.
The recommendations are coming two months after the Minister of Finance, Mrs Kemi Adeosun, suspended Gwarzo from office over allegations of financial misappropriation to the tune of N104.85m.
Adeosun, who also faced an investigative panel of inquiry in the House of Representatives, on Tuesday insisted that Gwarzo’s suspension was valid.
In coming to the conclusion, the Panel, which was chaired by the Permanent Secretary, Federal Ministry of Finance, Mr Mahmoud Isa-Dutse, said that it made inquiries at Corporate Affairs Commission, banks and other major stakeholders.
The panel said it found official letters, bank accounts and credit cards that tied Gwarzo as a Director to two private companies while maintaining his position as the Director-General of SEC, which was “a breach of civil service rules”.
Punch, January 30, 2018
RipplesNigeria… without borders, without fears
Click here to join the Ripples Nigeria WhatsApp group for latest updates.
Join the conversation
Support Ripples Nigeria, hold up solutions journalism
Balanced, fearless journalism driven by data comes at huge financial costs.
As a media platform, we hold leadership accountable and will not trade the right to press freedom and free speech for a piece of cake.
If you like what we do, and are ready to uphold solutions journalism, kindly donate to the Ripples Nigeria cause.
Your support would help to ensure that citizens and institutions continue to have free access to credible and reliable information for societal development.