Reps Probe SEC DG, Gwarzo’s Suspension
Respite seems to be coming the way of the suspended Director-General of the Securities and Exchange Commission, Mounir Gwarzo.
Members of the House of Representatives are looking into his suspension by the Minister of Finance Kemi Adeosun over alleged financial abuses.
The lawmakers want both parties to “maintain the status quo” pending the outcome of the probe.
Also suspended are two management staff of the Commissiom, Abdulsalam Naif Habu, Head of Media Division and Anastasia Omozele Braimoh, Head of Legal Department, who have been alleged to engage in financial impropriety.
Meanwhile the panel set up to probe the suspended DG is set to invite nine firms alleged to have been used by him to siphon funds.
The report of the panel is expected to be sent to the Independent Corrupt Practices and Other Related Offences Commission, which is also investigating Gwarzo.
The firms include: Outbound Investment Limited, Medusa Investment Limited, Northwind Environmental Services, Micro-Technologies Nigeria Limited, Tida International Limited, Outlook Communication, Acromac Nigeria Limited, Balfort International Limited and Interactive Worldwide Nigeria Limited.
According to some petitions against Gwarzo, some of the companies allegedly belong to him or his relatives.
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