- The trial of the suspended director general of the Security and Exchange Commission has been stalled before the National Industrial Court, Abuja.
- Mounir Gwarzo's trial was stalled due to the absence of the claimant's counsel
- The claimant is seeking a declaration that his appointment as D-G of SEC is valid, legal and subsisting
The absence of counsel to suspended Director-General of Securities and Exchange Commission (SEC), Mounir Gwarzo, on Thursday, January 31, stalled the matter before the National Industrial Court, Abuja.
At the resumed sitting slated for hearing of counter-affidavit and other pending applications, the claimant’s counsel Abdulhakeem Mustapha (SAN), notified the court of his absence through a junior counsel from his chamber.
The counsel, Sani Umoru, sought for a date convenient to the court.
The judge, Justice Sanusi Kado, asked Abduljalil Musa, Chinedu Achumie and Abdullahi Abubakar first, second and third defendants counsel respectively, if they had any objection to the submissions of Umoru.
The counsel said they had no objection, while the judge adjourned the matter until Feb. 28 for hearing.
News Agency of Nigeria (NAN), recalls that Gwarzo, is challenging his suspension as D-G.
The claimant was suspended in November 2017, over alleged financial misappropriation.
He is seeking a declaration that his appointment as D-G of SEC is valid, legal and subsisting.
The suspended D-G is also seeking an order of the court to direct the first defendant (SEC) to pay his salaries, benefits and entitlements from the date of his suspension till date.
The co- defendants in the suit are the Minister of Finance and Attorney-General of the Federation.
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Meanwhile, Legit.ng previously reported that Gwarzo, was arraigned by the Independent Corrupt Practices and other related offences Commission (ICPC) before a Federal Capital Territory High Court sitting in Maitama.
The former SEC director general was arraigned on three charges bordering on fraud in Court 4. In the charge with suit no CR/185/18, the ICPC accused Gwarzo of committing the fraud in June 2015.
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