SEC: Staff Shut Headquarters Over Gwarzo Resumption

mounir-gwarzoDirector-General, Securities and Exchange Commission (SEC), Mounir Gwarzo
  • SEC: Staff Shut Headquarters Over Gwarzo Resumption

The Association of Senior Civil Servants of Nigeria, SEC Branch, has shut down headquarters of the Securities and Exchange Commission (SEC) on Monday over an attempt to impose the suspended DG Mounir Gwarzo on them.

The aggrieved workers shut all entry points to the SEC headquarters to prevent the reinstatement of Gwarzo who was indicted for abuse of office and corruption by an Administrative Panel of Inquiry set up by the Federal Ministry of finance, headed by Dr Mahmoud Isa-Dutse, the Permanent Secretary of the ministry.

Nelson Oleghe, Chairman, Association of Senior Staff Union, SEC Branch, said: “We are SEC staff members of Senior Staff Association of Nigeria, SEC branch. We are a labour union that press home demands and concern with welfare of members.”

“The suspended DG of SEC has been on suspension for almost two years following allegations of abuse of office levelled against him. the recommendations of the Special Investigation Panel that indicted him by the former Honorable Minister of Finance, Kemi Adeosun.

“The suspended DG was charged to court by ICPC. The case was poorly handled by the judge and ICPC.

“In all of the court cases the issues of fraud was not mentioned and areas pointed out by the SIP was not touched by the judges.”

Oleghe further stated that the union learnt from a credible source that the suspended DG wants to stage a come back after being pronounced free by the court last week.

“After due deliberations at an emergency meeting held on Sunday June 02, 2019 we have unanimously agreed to hold a peaceful protest to stop the purported action about to be taken by the suspended DG. We call on all staff of the union, press and general public to be aware and witness our action.

“We believe that an institution that prescribes good corporate governance should be seen taking the lead. We say no to Gwarzo,” he added.

About the Author

Samed Olukoya
CEO/Founder Investors King Ltd, a foreign exchange research analyst, contributing author on New York-based Talk Markets and, with over a decade long experience in the global financial market. Contact Samed on Twitter: @sameolukoya; Email: [email protected]

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