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mounir gwarzo

Suspended SEC DG, Gwarzo Finally Vindicated

I had predicted in an opinion piece last year that the case against Munir Gwarzo, the suspended Director General of the Security and Exchange Commission (SEC) by the ICPC would not stand court scrutiny and that he would be vindicated. I had based my conclusion on the No Case submission of Gwarzo after all the prosecution witnesses had testified and ICPC had closed its case. Gwarzo was accused of paying himself severance allowance as executive commissioner after he was appointed at SEC after he was appointed DG. But!-->!-->!-->!-->!-->…

Court Frees Gwarzo, Dismisses ICPC’s Suit Against Suspended SEC DG

Victory came the way of the suspended Director-General of the Security and Exchange Commission (SEC), Mounir Gwarzo, on Tuesday, as the FCT High Court dismissed a five-count charge of financial misconduct leveled against him by the Independent and Corrupt Practices and Other Related Commission (ICPC). Gwarzo was discharged and acquitted after his arraignment today by the ICPC before the court. The anti-corruption agency arraigned the embattled SEC boss alongside an Executive Commissioner in SEC, Zakawani Garuba, who!-->!-->!-->!-->!-->…

Mounir Gwarzo, Suspended D-G of SEC Will Be Vindicated

When an accused tells the court that he is making a no-case submission, then it is time to review the case. That was what the suspended Director-General of the Securities and Exchange Commission, Dr. Mounir Gwarzo told an FCT High Court Maitama last Thursday. Gwarzo was arraigned by the Independent Corrupt Practices and Other Related Offences Commission before Justice Husseini Baba-Yusuf, on five counts bordering on fraud. The evidence adduced by the prosecution to support the charge of fraud against Gwarzo is the proof…

Alleged N115m Fraud: Ex-SEC DG Gwarzo To Make No-case Submission

The suspended Director-General of the Securities and Exchange Commission, Dr. Mounir Gwarzo; and the Executive Commissioner, Zakwanu Garba, on Thursday informed an FCT High Court Maitama that they would make a no-case submission in the charge filed against them. The duo were arraigned by the Independent Corrupt Practices and Other Related Offences Commission before Justice Husseini Baba-Yusuf, on five counts bordering on fraud. The defendants, through their counsels, Abdulhakeem Mustapha (SAN); and Robert Emupkoeruo…

ICPC Arraigns Suspended SEC DG, Gwarzo Over Alleged Diversion Of N115m

The Independent Corrupt Practices and other related Offences Commission(ICPC), on Tuesday arraigned Mr Mounir Gwarzo, in an FCT High Court, Maitama, on charges bordering on N115.7 million alleged fraud. Gwarzo, a suspended Director-General of the Security and Exchange Commission (SEC) was docked on a five-count charge, bordering on criminal breach of trust and conferring corrupt advantage on himself. He was arraigned alongside the SEC Executive Commissioner, Corporate Services, Zakwanu Garuba, The ICPC alleged that…

Gwarzo Sues Adeosun…Insists On Reinstatement As SEC DG

Mr Mounir Gwarzo appears unrelenting in his bid to return as the substantive Director General of Securities and Exchange Commission (SEC) after he was suspended over alleged financial misappropriation by the Minister of Finance, Mrs Kemi Adeosun. It would be recalled that Mrs Adeosun had suspended Mr Gwarzo last year over his approval of the payment of N1.7 billion as severance package to himself and some workers of the commission in 2015. A panel set up by the minister had accused Gwarzo of benefiting from…

Gwarzo Challenges Outcome Of Reps Probe Of His Suspension As SEC DG

Embattled Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, who was suspended on the account of alleged corruption by the Minister of Finance, has challenged the outcome of the House of Representatives public hearing on the matter. Mrs Kemi Adeosun had amongst other reasons she suspended Gwarzo, accused him of awarding contracts to companies he had interest in. Adeosun equally accused Gwarzo of violating the public service rules by remaining as a director in a private company while he was…

Adeosun Hits Back At Gwarzo’s Camp, Says Suspended SEC DG Tried To ‘Blackmail’ Her

The Minister of Finance, Mrs Kemi Adeosun says suspended Director General of the Securities Exchange Commission (SEC), Mounir Gwarzo, used blackmail to frustrate disciplinary actions against him. Adeosun on November 29 suspended Gwarzo over allegations of financial impropriety. She said that the suspension of Gwarzo was to allow for an unhindered investigation of several allegations of financial impropriety leveled against him. She also suspended two other senior staff of the commission: Abdulsalam Naif Habu, head…
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