The Minister of Finance, Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, from Office.
A statement by Deputy Director, Press, Federal Ministry of Finance, Patricia Deworitshe, on Wednesday said the suspension is to allow for an unhindered investigation of several allegations of financial impropriety levelled against the director-general.
The suspension, according to the statement, is in line with the Public Service Rules (PSRs) 03405 and 03406.
It added that Mrs Adeosun 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 handover to the most senior officer at the Commission, pending the conclusion of investigation by the API.
“Also suspended are two management staff of the Commission – Mr. Abdulsalam Naif Habu, Head of Media Division and Mrs. Anastasia Omozele Braimoh, Head of Legal Department – who have been alleged to engage in financial impropriety in the Commission,” the statement said.
Gwarzo was appointed director-general of SEC in May 2015 by former President Goodluck Jonathan.
