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December 1, 2017

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SEC: Agency’s suspended DG to appear before ICPC over N104m alleged fraud

The SEC DG, who was suspended by Kemi Adeosun, was sent an invitation letter to appear before the commission on November 30, 2017. Mounir Gwarzo, the suspended Director-General of the Securities Exchange Commission, will face the Independent Corrupt Practices and Other Related Offences Commission over alleged corrupt practices.Gwarzo, who was accused of collecting N104,851,154.94 severance package while still in service, will on Monday, December 4, 2017, appear before the ICPC as part of investigations into corruption allegations against him.The SEC DG, who was suspended by the Minister for Finance, Kemi Adeosun, was sent an invitation letter to appear before the commission on November 30, 2017.The ICPC, in a letter dated November 30, 2017, with reference number ICPC/INV/GBP/SG.2/852, invited the embattled DG to appear before it on Monday. The letter, signed by the Head of Department, Investigations, ICPC, Adedayo Kayode, was addressed to the acting DG of SEC asking him to inform Gwarzo to appear on Monday.

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December 1, 2017

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