Centre for Anti-Corruption and Open Leadership (CACOL) has called on President Muhammadu Buhari to, as a matter of urgency, direct the Independent Corrupt Practices and Other Related Offences Commission (ICPC) to charge the former Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, on the abuse of office by the award of contracts […]
Read More The National Industrial Court, Abuja, on Thursday adjourned until Oct. 24 hearing of the preliminary objection filed by Securities and Exchange Commission (SEC), in the suit instituted against it by its suspended Director-General, Mounir Gwarzo. Justice Sanusi Kado, adjourned the suit after listening to submissions of counsel and ordered that hearing notice be served on […]
Read More The House of Representatives has endorsed the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun. The House okayed the suspension after lawmakers on Wednesday considered and approved the recommendations of its Committee on Capital Market and Institutions. The committee, which is chaired […]
Read More Organised Labour yesterday raised the alarm over plans by the Federal Government to reinstate the Director General, Security and Exchange Commission (SEC), Mr. Mounir Gwarzo, currently on suspension for corruption charges. The Association of Senior Civil Servants of Nigeria (ASCSN), in a statement on Tuesday, warned that reinstating the suspected Director General will further dent […]
Read More The Administrative Panel of Inquiry set up in November 2017 by the Federal Government to look into allegations of gross financial impropriety leveled against the suspended Director General of the Securities and Exchange Commission (SEC), Mounir Gwarzo, has recommended his final dismissal from public service. Gwarzo and two other SEC staff, Naif Abdussalam, the Head […]
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Speaker of the House of Representatives, Yakubu Dogara, has explained that the House decided to intervene in the conflict between the Minister of Finance, Kemi Adeosun, and the suspended director general of Security and Exchange Commission, Mounir Gwarzo, in order to protect the capital market’s integrity, improve public perception of the sub-sector, boost investor confidence, […]
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The administrative panel of inquiry set up by the Minister of Finance, Mrs. Kemi Adeosun, to investigate corruption allegations against the suspended Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, is to submit its report before the end of the year. Adeosun had two weeks ago suspended Gwarzo and two managers of the […]
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Oando Plc says it has taken no action that is capable of undermining the authority of the apex regulator of Nigeria’s capital market, Securities and Exchange Commission. But the oil major noted that its actions were meant to protect the company and its shareholders against the actions taken under the leadership of Mounir Gwarzo, the […]
Read More Recent calls in several quarters for the Federal Government to reinstate the suspended Director General, Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, back to office, have drawn the ire of capital market stakeholders who gave reasons why the embattled DG should remain suspended. According to them, reinstating him to the office while investigation on […]
Read More The House of Representatives is set to probe the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, by the Minister of Finance, Mrs. Kemi Adeosun, over alleged financial abuses. To this end, the lower chamber of the National Assembly want both parties to “maintain the status quo” pending the outcome […]
Read More The suspended Director-General of the Securities Exchange Commission, Mr. Mounir Gwarzo, will on Monday appear before the Independent Corrupt Practices and Other Related Offences Commission as part of investigations into corruption allegations against him. The Minister of Finance, Mrs. Kemi Adeosun, had on Wednesday suspended Gwarzo and two other officials of the commission for alleged […]
Read More The Minister of Finance, Mrs. Kemi Adeosun, on Wednesday announced the suspension of the Director-General of the Securities and Exchange Commission, Mounir Gwarzo, over allegations of financial impropriety levelled against him. Also suspended were two management staff members of the commission. They are the Head of the Media Division, Mr. Abdulsalam Naif; and the Head […]
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