Just In: SEC workers shut down headquarters over move to reinstate Gwarzo

Just In: SEC workers shut down headquarters over move to reinstate Gwarzo

- Senior civil servants of the SEC staged a protest over move to reinstate Gwarzo who was suspended over alleged financial misappropriation

- The workers shut down the headquarters over the return of the suspended SEC director-general

- Gwarzo had challenged his suspension which was later dismissed by the court

Workers at the Securities and Exchange Commission (SEC) have started a demonstration and shut down the commission’s headquarters over alleged move to reinstate Munir Gwarzo as director-general.

Gwarzo was suspended by the then minister finance, Kemi Adeosun, over alleged financial misappropriation.

Daily Nigerian reports that the Association of Senior Civil Servants of Nigeria of the SEC locked up offices in protest over the reported move to reinstate Gwarzo.

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Gwarzo had challenged his removal in court and according to PM News, the National Industrial Court in Abuja, on Thursday, May 30, ordered the immediate reinstatement of Gwarzo.

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

He held that since there was a cause of action in the claimant’s suit, he (the claimant) had the right to commence the suit by way of originating summon. Kado further held that the issue in dispute was not about the position of the claimant as the DG of the Commission, the bone of contention was who had the power to suspend him.

Justice Sanusi Kado, in his judgment, held that the minister of finance lacked the power to suspend the DG.

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Meanwhile, the senator representing Kaduna central, Shehu Sani, advised the federal government to obey the order of the National Industrial on the director general of SEC.

On his Twitter page on Friday, May 31, the senator said that the SEC's director general, Gwarzo, should be reinstated with immediate effect.

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Source: Legit.ng

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