Gwarzo should be sacked, refund N104.85m – Panel recommends


Mounir Gwarzo

The Administrative Panel of Inquiry has recommended the dismissal of the Director-General of the Securities and Exchange Commission (SEC), Mr. Mounir Gwarzo, from the Public Service of the Federal Government.

The Panel also recommended that the suspended SEC director-general be referred to the Independent Corrupt Practices Commission for further investigation of the allegation of using his position to influence the award of contracts to Outbound Investments Limited.

The report and recommendations of the API headed by the Permanent Secretary of the Federal Ministry of Finance, Mahmoud Isa-Dutse, were sighted by our correspondent.

The Panel, in the report which has been submitted to the Minister of Finance, Kemi Adeosun, directed Gwarzo to refund the sum of N104,851,154.94, being the severance package he approved and received.

It noted that the holding of the…

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