Court Discharges Suspended SEC DG, Gwarzo, Other of N115m Fraud Allegations


Alex Enumah in Abuja

A Federal Capital Territory (FCT) High Court in Maitama, Abuja, yesterday discharged the suspended Director-General of the Securities and Exchange Commission (SEC), Mounir Gwarzo and one other person of the N115 million fraud allegation against them.

The trial judge, Justice Hussein Baba-Yusuf, discharged the defendants in a ruling on the no- case submission entered by the defendants in the trial.

Gwarzo alongside an Executive Commissioner in the Commission, Zakawanu Garuba, are being prosecuted by the Independent Corrupt Practices and Other Related Offences Commission (ICPC) on a five-count charge of fraud to the tune of N115 million.

Justice Baba-Yusuf in his ruling on the no- case submission application agreed with the defendants that the prosecution was unable to establish a prima facie case against them.

According to the judge, the prosecution failed to establish the essential elements of the offence the defendants…

Source: Thisday Newspaper

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