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Industrial Court Orders Reinstatement of Gwarzo, Suspended SEC DG

The Industrial Court has ordered the reinstatement of Mounir Gwarzo, suspended director general of the Securities and Exchange Commission (SEC).

The court also ordered that the federal government pay him all entitlements.

In his judgment, Sanusi Kado, justice of the industrial court, held that the minister of finance, named as the second defendant in the suit lacked the power to suspend the claimant.

Kado, who dismissed three issues raised by defence counsel through their preliminary objection, ruled that the suit was not status barred.

The judge further held that the issue in dispute was not about the position of the claimant as to the DG of the commission, but that the bone of contention was who had the power to suspend him.

The judge held that the second defendant (minister of finance) did not have the power to suspend the claimant since he was not an employee of the commission.

He said that the minister, in the absence of the board, only had supervisory power, which does not include disciplinary power to suspend the DG.

Kado held that it was only the permanent secretary in the ministry of finance, on the directive of the president, who had the power of suspension.

For emphasis, he said, “the minister’s role was that of recommendation”.

Kado, in addition, said the administrative panel of inquiry that indicted the claimant was not a court of the law neither was it a quasi-judicial body, but just a body set up for a fact-finding duty.

He, therefore, declared that the suspension of the claimant was null, void and of no effect.

Kado also declared that the recommendation of the administrative panel of inquiry set up by the second defendant, be set aside.

The judge then ordered the reinstatement of the claimant as the DG of SEC to complete his five-year tenure.

He further ordered that the claimant’s salaries, allowances and entitlements accrued be paid to him in full.




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