The Minister of Finance, Mrs Kemi Adeosun on Wednesday announced the suspension of the Director-General of the Securities and Exchange Commission, Mr. Mounir Gwarzo, over an allegation of financial impropriety levelled against him.
The Minister said his suspension is to allow an unhindered investigation into allegations of financial impropriety levelled against him.
Abdulsalam Naif Habu, head of media division, and Anastastia Omozele Braimoh, head of legal department, were also suspended alongside the now suspended SEC boss.
According to a statement signed by Patricia Deworitshe on behalf of the ministry of finance, Adeosun has set up an administrative panel to investigate the matter.
“The suspension is in line with the public service rules (PSRs) 03405 and 03406,” the statement read.
“She has directed the suspended SEC director-general to immediately handover to the most senior officer at the commission, pending the conclusion of investigation by the API.”