Some months after his suspension, the director-general of the Securities and Exchange Commission (SEC), Mounir Gwarzo, was on Tuesday, June 5, arraigned in court by the Independent Corrupt Practices and other related Offences Commission (ICPC).
Gwarzo was arraigned over allegations of financial misappropriation, according to a report by Premium Times.
The report said the charges read before an FCT High Court, he was accused with Zakawani Garba, a commissioner in the SEC, of paying himself severance benefits of N104.8 million and N10.4 million in excess of car grant while still in service.
It was learnt that Justice Hussein Baba-Yusuf granted them bail in the sum of N25 million each and a surety each in like sum.
The judge also reportedly directed that the surety must be a civil servant in a federal government agency of not below the rank of deputy director.
Legit.ng earlier reported that the minister of finance, Kemi Adeosun, on Friday, April 13, appointed Mary Uduk, as the new director-general, the Securities and Exchange Commission (SEC) following the redeployment of Abdul Zubair, who had held forte since December last year.
Oluyinka Akintunde, special adviser, media & communications to the minister of finance made the changes known.
Legit.ng also reported how the ICPC filed fraud charges against Mounir Gwarzo.
The minister of finance, Kemi Adeosun, had suspended Gwarzo in December 2017 for alleged fraud.
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It also reported that Mounir Gwarzo was to be arraigned by the Independent Corrupt Practices and other related offences Commission (ICPC) before a Federal Capital Territory High Court sitting in Maitama.
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