Several weeks after allegations of financial impropriety were leveled against the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, the Minister of Finance, Mrs. Kemi Adeosun, has suspended him and two others.
This is as government launches investigation into several allegations of financial impropriety leveled against the top official.
A statement signed by Deputy Director, Press, Federal Ministry of Finance, Patricia Deworitshe, on Wednesday announced the development.
The suspension is in line with the Public Service Rules (PSRs) 03405 and 03406.
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The statement reads in part: “The minister 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 hand over to the most senior officer at the commission, pending the conclusion of the 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.”