Adeosun suspends SEC DG, two others

Ebun Francis || The minister of finance, Kemi Aseosun has suspended Mounir Gwarzo, director-general of the Securities Exchange Commission (SEC).

According to Adeosun, Gwarzo’s suspension is to allow an unhindered investigation into allegations of financial impropriety levelled against him.

Also suspended with him are, Abdulsalam Naif Habu, head of media division, and Anastastia Omozele Braimoh, head of legal department.

Gwarzo’s suspension followed allegation that he allegedly got a severance package of N104 million shortly after he was named DG in 2015.

Patricia Deworitshe in a statement on behalf of the Minister said the ministry of finance has set up an administrative panel to investigate the matter.

“The suspension is in line with the public service rules (PSRs) 03405 and 03406,” the statement read.

“She has directed the suspended SEC director-general to immediately hand over to the most senior officer at the commission, pending the conclusion of investigation by the API.”