Panel recommends SEC DG, Gwarzo, for dismissal


The Administrative Panel of Inquiry, set up to look into the allegations of financial misconduct by the Director-General, Securities and Exchange Commission, Mr Mounir Gwarzo, has recommended the dismissal of the suspended officer from the Public Service.
A copy of the report obtained on Tuesday in Abuja by our correspondent showed that the panel found Gwarzo guilty of violating public service rules and financial regulations.
The document was obtained from a source.
The recommendations are coming two months after the Minister of Finance, Mrs Kemi Adeosun, suspended Gwarzo from office over allegations of financial misappropriation to the tune of N104.85m.
Adeosun, who also faced an investigative panel of inquiry in the House of Representatives, on Tuesday insisted that Gwarzo’s suspension was valid.
In coming to the conclusion, the Panel, which was chaired by the Permanent Secretary, Federal Ministry of Finance, Mr Mahmoud Isa-Dutse, said that it made inquiries at Corporate Affairs Commission, banks and other major stakeholders.
The panel said it found official letters, bank accounts and credit cards that tied Gwarzo as a Director to two private companies while maintaining his position as the Director-General of SEC, which was “a breach of civil service rules”.
The report, which had also been submitted to the Minister of Finance, Kemi Adeosun, directed Gwarzo to refund N104.85m, being the severance package he allegedly approved and received upon his appointment as Director-General of SEC.
“Mr Mounir Gwarzo should be dismissed from the Public Service of the Federal Government for holding positions of a Director in private.”

Culled from Punch