CACOL HAILS ARRAIGNMENT OF SUSPENDED SEC DG

The Centre for Anti-Corruption and Open Leadership (CACOL) has commended the Independent Corrupt Practices and Related Offences Commission (ICPC) over the arraignment of the suspended Director-General,Securities Exchange Commission, (SEC) Mounir Gwarzo, before an Abuja Federal High Courtover corruption charges.

The Executive Chairman of CACOL, Mr. Debo Adeniran, on Tuesday, while expressing the views of the Centre stated that: “When we first blew the lid on the corruptive acts of the SEC DG, the impression was given that nothing would come out of it and that the allegations leveled against him would be swept under the proverbial carpet. But we persisted and followed up, because of our unshakeable conviction that Corruption is at the very base of much of our underdevelopment and economic frustration of majority Nigerians”.

“Imagine what the billions of Dollars that have disappeared into private pockets could have done in providing infrastructure and pushing our technological drive to curb unemployment, low level of education and general backwardness in the country” he further stated.

Mr. Adeniran in concluding opined that, “We therefore call for a speedy prosecution of both the SEC Director General and all his accomplices so thatthe proceeds of crime are not only recovered, but adequate punishments are meted out to serve as a deterrent in orderto return our society to a path of sanity and accountability in the public service.”

He added: “There is simply no other way to go, if Nigeria would ever have any hope of breaking away from its ugly past.”

Adegboyega Otunuga

Media Coordinator, CACOL

08141121208

cacolc@yahoo.com,cacol@thehumanitycentre.com