FG suspends SEC boss, 2 others over ‘fraud’

By Benjamin Umuteme

Abuja

The Minister of Finance, Mrs. Kemi Adeosun, has suspended the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo,
Suspended alongside Mr. Gwarzo are Head of Media Division Mr. Abdulsalam Naif Habu, and Head of Legal Department. Mrs. Anastasia Omozele Braimoh, who have been alleged to engaged in financial impropriety in the Commission
In a statement signed by Deputy Director, Press, Federal Ministry of Finance, Patricia Deworitshe, the Minister’s action is to allow for an unhindered investigation of several allegations of financial impropriety leveled against the SEC helmsman.
Mrs. Adeosun insisted that the suspension is in line with the Public Service Rules (PSRs) 03405 and 03406 and that an Administrative Panel of Inquiry (API) has been set up to investigate and determine the culpability of the Mr. Gwarzo. .
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.

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