The embattled Director-General of the Securities and Exchange Commission, Mounir Gwarzo will know his fate or at least the gravity of his alleged offence by January.

End of December is when the administrative panel of inquiry set up by the Minister of Finance, Mrs. Kemi Adeosun, to investigate corruption allegations against him would submit its report.

Recall that Adeosun had two weeks ago suspended Gwarzo and two managers of the commission over allegations of financial impropriety.

The minister had also raised a panel to investigate and determine the culpability of the suspended DG.

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A top government official told Punch that that the committee had commenced its investigations and invited some people to testify in the matter.

“There have been series of allegations bordering on corrupt practices at the commission from various quarters and that was why the minister set up a panel and suspended the SEC DG to allow the committee to effectively carry out its assignment.

“The committee would look at all the allegations and we expect it to submit the report of its findings within four weeks,” said the official who pleaded anonymity.

The panel, in carrying out its assignment, is expected to invite nine firms alleged to have been used by Gwarzo to steal money from the commission.

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