Group condemns plan to reinstate suspended DG of SEC, Mounir Gwarzo

A pro-Good Governance Group, Network for Good Governance Against Corruption has condemned the planned reinstatement of suspended Securities Exchange Commission DG, Munir Gwarzo.

The Group through a press statement by its Convener, Comrade Idris Kado held that the allegations against the DG were too grave to be ignored before the reinstatement.

Recall that Munir Gwarzo was fired by former Finance Minister, Kemi Adeosun to allow for an unhindered investigation after he was accused of collecting severance package worth N104.85 million and Awards huge sums contract to Companies that he is still as a Director, which clearly violates the public service rules.
The group acknowledges the judgement of the National Industrial Court which ruled that the former finance Minister lacked the power to sack the DG but insisted that the allegations of corruption must be investigated before the reinstatement.

“It is a slap on the Integrity of the President’s anti-corruption war if Munir Gwarzo who was alleged to have violated the Civil Service rules and paid himself monies illegally is reinstated into office. President Buhari must intervene and uphold the sack of Munir Gwarzo,” the statement read.

The group further called on President Buhari to deliver on his mandate to fight corruption and stop the reinstatement.

“As lovers of Good Governance, it is our expectation that President Buhari who has the power to sack the SEC DG, fires him pending the outcome of the investigation,” the statement concluded.