Court to hear SEC’s counter-claim in suspended D-G Gwarzo’s suit Jan. 30

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The National Industrial Court, Abuja, on Thursday adjourned until Jan. 30, 2019, hearing of counter-claim and other pending applications filed by the Securities and Exchange Commission (SEC) and two other defendants.

Ex Nigerian Securities and Exchange Commission boss, Mr. Mounir Gwarzo

The suit instituted by the suspended Director-General of SEC, Mounir Gwarzo, is challenging his suspension before the court.

At the resumed hearing, Gwarzo’s counsel, Adetayo Adeyemi, told the court that he had been served processes from all three defendants.

Adeyemi said the application from SEC, the first defendant through it counsel, Abduljalil Musa, was for counter-claim, while the application from the Minister of Finance, the second defendant through her counsel, Chinedu Achumie was to regularise their processes.

The counsel went on to say that he also received processes filed by the…



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