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Staff barricades SEC office over Gwarzo

Staff Lock Down SEC Headquarters Over Attempt To Reinstate Suspended DG, Mounir Gwarzo

The staff of the Securities and Exchange Commission (SEC) on Monday morning closed down the office premises of the commission over the industrial courts judgment to reinstate the suspended DG, Mounir Gwarzo, of the Stock Exchange Commission, SEC who allegedly paid himself N105 million severance package after he was appointed the DG of the commission.

Gwarzo who had been charged by the Independent Corrupt Practices and other related offences Commission, ICPC for other sundry offences was, however, last Thursday cleared by the National Industrial Court, NIC which ordered that he should immediately return to the office.

The Association of Senior Civil Servants of Nigeria, SEC Branch, locked up offices of the Headquarters of the Commission in the early hours of Monday and called for the review of the judgment while carrying placards with various inscriptions.

Mr Gwarzo was suspended by the then minister of finance, Mrs Kemi Adeosun and indicted for abuse of office and corruption by an Administrative Panel of Inquiry set up by the Federal Ministry of Finance headed by the Permanent Secretary, Dr Mahmoud Isa-Dutse.

Gwarzo was also indicted by the House of Representatives Ad-Hoc Committee which investigated his suspension by the former Minister of Finance, Mrs Kemi Adeosun.

An industrial court in Abuja last Thursday dismissed the three issues raised against the DG and ordered his immediate reinstatement.

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